U.S. CAR LOAN DEBT HITS RECORD LEVELS A growing number of Americans owe more on their cars than they’re worth. In 3Q, 28.1% of trade-ins had negative equity—the highest since 1Q 2021—with an average upside-down loan of 6,905. Nearly a quarter of these trade-ins carried over 10,000 in debt, signaling rising financial strain(*Walter Bloomberg)