Cherokee Media Group asked Jessica Caldwell of Edmunds about negative equity during a conversation at NADA Show 2024 in February. Caldwell immediately replied, “Right now, that is a yikes.”
The latest Edmunds Used Vehicle Report released on Wednesday added more specifics as to why Caldwell offered such a reaction. Edmunds indicated 20.4% of new-vehicle sales with a trade-in had negative equity in the fourth quarter — the highest in two years — compared…
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