4 Articles
One-third of trade-ins in a new-car deal are underwater on their loans

Add that to the lengthened loan terms, and car buyers rolling loan balances over get deeper in debt with each purchase.

Edmunds reports that nearly a third of trade-ins on new car purchases in 2017 were underwater.

Hyundai launches Assurance Trade-in Value Guarantee

Hyundai is making a grab for more customer loyalty than it already enjoys with its newly launched Assurance Trade-in Value Guarantee, which, as its name suggests, guarantees future trade-in values on new car purchases. The move falls under Hyundai's wide-spanning Assurance marketing scheme, and will give buyers

NADA adds 'Rough' and 'Average' categories for trade-ins

It's no secret that the used car market is in a state of flux. As gas prices rise and fall, so does the value of the car currently sitting in your driveway, waiting to be traded in. To help dealerships assign a fair value to your car, the National Automobile Dealers Association has added two new categories for wholesale vehicle market. The new categories are "Rough" and "Average" and they join "Clean Trade-In," "Clean Loan" and "Clean Retail" as options f

Plummeting prices for used SUVs a problem for GM, Ford

What goes around, comes around... at least in the retail auto business. A combination of high fuel prices and aggressive incentive programs on new vehicles has conspired to put used SUV prices into free fall. According to industry analysts, the wholesale value of used large SUVs in April was down 4.1 percent over last year, and 4.7 percent from March.