25% of used-car buyers in negative equity position
Some consumers’ equity levels outpaced 2019 levels
Some auto consumers faced negative equity in 2024, but many had strong or stable equity positions that offset challenges in the wider market. About 25% of buyers are in a negative equity position in the used-vehicle market, Jonathan Banks, vice president of product development, valuation services at J.D. Power, said during a presentation on Jan. […]
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