In the fourth quarter of 2025, 27% of vehicle trade-ins involved negative equity of at least $10,000…

A record number of automobile owners are carrying negative equity of $10,000 to more than $15,000 into trade-ins on new vehicles, according to online vehicle data analytics website Edmunds.

https://www.zerohedge.com/personal-finance/underwater-auto-trade-ins-reach-record-highs-edmunds