Will Underwater Loans Sink The Auto Industry?
About this episode
The episode dives into the rising concern of underwater car loans, featuring insights from Ivan Drury of Edmunds.com. The discussion highlights how many consumers are trading in vehicles with negative equity, often rolling over significant amounts into new loans. The hosts also touch on the impact of high average transaction prices and the psychological factors driving buyers to overextend financially. Additionally, the episode includes a segment on NASCAR's recent Daytona race, showcasing the excitement of the playoffs and the implications of driver performance on future races.
Ford Explorer
"trims you know I think the Explorer was a good example of this when it first launched..."
Honda Odyssey
"top tier trim level you know Honda's Odyssey Touring it went from Touring to Touring Elite bec..."
Jeep Cherokee
"so they'd be looking at it's a Cherokee owner so they'd be looking at Broncosport"
Toyota RAV4
"the upcoming Cherokee RAV4 CRV or they could go down one size to like Hyunda..."
Hyundai Kona
"...RV or they could go down one size to like Hyundai Kona or maybe even in between there"
Jeep Compass
"I'm trying to think Jeep Compass it's still on the market something like that size"
Ford Escape
"something like that size Ford Escape maybe I know the escapes kind of on its way out b..."
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