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Edmunds

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Car Trade-Ins Leave Buyers Underwater, Owing Thousands
business1 month ago

Car Trade-Ins Leave Buyers Underwater, Owing Thousands

Edmunds data for Q4 2025 show 29.3% of trade-ins were underwater — nearly a record high — with the average underwater balance at $7,214 and more than a quarter carrying over $10,000 in negative equity. Those rolling it into new loans faced an average monthly payment of $916, with about 40.7% choosing 84‑month terms. The trend traces to pandemic-era pricing and limited leasing options; relief may come from MSRP-friendly deals, but many cars will remain underwater until depreciation slows enough for the balance to fall below value.

via Jalopnik|
#auto-loans#business#edmunds
"Memorial Day Brings Best Car Deals of the Year"
business1 year ago

"Memorial Day Brings Best Car Deals of the Year"

Edmunds reports that Memorial Day weekend auto deals are back in 2024 as domestic automakers' 2023 models have piled up on dealership lots, leading to significant discounts. The average discount for a 2023 model year vehicle is $4,147, with Dodge offering the highest discounts at $6,753 below MSRP. This marks a return to pre-pandemic inventory levels and discounts, driven by high interest rates affecting today's market.

via Fox Business|
#auto-deals#business#car-discounts
"Consumer Preferences Shaping the Future of EV Sales"
automotive1 year ago

"Consumer Preferences Shaping the Future of EV Sales"

A survey by auto comparison company Edmunds reveals a disconnect between what electric vehicle (EV) shoppers want and what's available in the market, leading to slower EV sales growth. The top desires of EV shoppers include lower prices, cars and SUVs over electric pickups, and EVs from trusted brands. The lack of EV options meeting these criteria has driven some consumers to opt for hybrids instead. EV sales are expected to pick up when auto companies offer the right vehicles at the right price points and when adequate charging infrastructure is in place, but for now, the EV market is predicted to remain slow.

via USA TODAY|
#auto-industry#automotive#edmunds
business2 years ago

Navigating the Unpredictable Terrain of the Used Car Market

The used-car market is still experiencing historically high prices, with the average transaction price in Q1 at $28,381, up 44% from five years ago, according to a report from Edmunds.com. The available pool of cheap vehicles is dwindling, with only 30.6% of used vehicles sold for under $20,000 in Q1, compared to 60.5% in the same period five years ago. The lingering effects of supply chain shortages are to blame for high auto prices, and the new car market may offer some relief if sales stall out and automakers use incentives to move new cars off dealer lots, putting pressure on the used market.

via Yahoo Finance|
#business#edmunds#new-car-sales
Unleashing the 'Wildcard' Factor of the 2023 Dodge Durango.
automotive2 years ago

Unleashing the 'Wildcard' Factor of the 2023 Dodge Durango.

The 2023 Dodge Durango may not have undergone a redesign since 2011, but it still has a wildcard factor that sets it apart from the competition, according to Edmunds. The SUV's Hell Cat engines, touchscreen, AWD, and low-range gearing make it a standout, but its poor fuel economy, lack of standard safety features, and bulky handling hold it back. Despite this, the Durango received an almost perfect score for being a wildcard, with a 9.0/10 rating. If you want a large SUV with a powerful engine that demands to be seen, the Dodge Durango is a solid choice.

via MotorBiscuit|
#automotive#dodge-durango#edmunds