June 5, 2020

Negative equity on trade-ins jumps to record, Edmunds says

Consumers are upside down on trade-ins like never before, Edmunds said. A record percentage of trade-ins last month were worth less than what was owed, the company said in a statement, and the gap was the widest it’s ever been.The data shows that 44 percent of new-vehicle sales with a trade-in had negative equity in April, up from 33 percent in April 2019. The average amount owed on upside-down loans also hit a record high of $5,571 in April, compared…

10 Most High-Tech SUVs

Technology drives automobile development. Every aspect of a vehicle is controlled by some form of technology, with interlocking and independent systems performing discrete functions. SUVs, in fact, may have the highest levels of technology of any passenger vehicle you can buy. Not only are they being called upon to transport passengers in comfort and safety […]