29% of Financed Trade-Ins Underwater, Baddie in a Benz Returns, GM Hybrids (10.22.26)
Nearly 3 in 10 financed trade-ins on new-car deals are underwater, plus GM's hybrid plans and the return of Jeremy Raaymaker, the creator behind Baddie in a Benz.
Bridget Fitzpatrick and Jim Fitzpatrick are joined by Jeremy Raaymaker, van and fleet specialist at Mercedes-Benz Country Hills.
TODAY'S HEADLINES
Edmunds says 29.1% of trade-ins with an outstanding loan applied to a new-vehicle purchase were underwater in the third quarter, up from 28.1% a year ago, with average negative equity reaching $7,107.
GM CEO Mary Barra confirmed on the company's third-quarter earnings call that GM will…
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