More than one-quarter of upside-down trade-ins are $10,000 or more underwater.

Auto loan delinquencies are rising and the average amount owed on underwater trade-ins hit an all-time high of $7,214.

Source: Mises Institute

Original URL: https://mises.org/notes-margin/more-one-quarter-upside-down-trade-ins-are-10000-or-more-underwater