DAILY ROUNDUP | MAY 12 | $7,183 Underwater, Blazer EV 272 Days, Scout 87% ERV
Got something to say to this podcast? Send a voicemail, and you might hear yourself on the next episode!
The average underwater trade-in is now carrying $7,183 in negative equity, and that hidden debt is shaping what buyers can afford before they even reach the lot.
Today’s episode breaks down the clash between 84-month loans, tight used-car supply, hybrid demand, VW’s Scout direct-sales play, and why dealers are retreating to fixed ops as their final profit fortress.
Today's Key Headlines
~Edmunds says underwater trade-ins carry an average $7,183 in negative equity
~90.2% of negative-equity…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.