Under the Hood: Eroding auto finance dynamics
17% of trade-ins had negative equity in Q4
Used-car prices have shot up 33% in the past three years, but even looming price declines will likely do little to avert the auto finance storm that is brewing. Average used-car prices in February were $28,279, according to CarGurus, compared with $21,227 three years prior. That price increase on its own is enough to make […]
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