Electric Car Drivers ‘being Plunged Into Negative Equity’ As Prices Collapse

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Wed, 10/16/2024 - 3:02am

Electric car drivers ‘being plunged into negative equity’ as prices collapse

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Edmunds: Negative equity increased in Q3
The average amount owed on upside-down loans climbed to an all-time high of $6,458 during the third quarter, according to new report by Edmunds. Edmunds says that’s compared to $6,255 last ...
10/16/2024 - 11:30 pm | View Link
EV buyers falling into negative equity in latest sign switch to greener cars is stalling
Vertu Motors warned that EVs coming off financing agreements have been found to be worth less than the loans used to pay for them.
10/16/2024 - 10:00 am | View Link
Electric car drivers ‘being plunged into negative equity’
Falling electric vehicle (EV) prices are leaving a growing number of drivers in negative equity, a top dealership chain has warned. Vertu Motors said on Wednesday that car retailers were coming under ...
10/15/2024 - 11:02 pm | View Link
Negative Equity on the Rise: The Average Amount Owed on Upside-Down Car Loans Hit an All-Time High in Q3 2024, According to Edmunds
The share of Americans who are upside down on their auto loans is on the rise. 24.2% of trade-ins toward new vehicle purchases had negative equity, up from 23.9% in Q2 2024 and 18.5% in Q3 2023.
10/15/2024 - 4:55 am | View Link
Edmunds: Average negative equity surges in Q3 to all-time high
In March, Edmunds said “negative equity is rearing its ugly head.” After looking at its third-quarter data that showed average negative equity hitting an all-time high, Edmunds acknowledged on Tuesday ...
10/15/2024 - 3:24 am | View Link
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