gotta get all the context:
The share of underwater buyers is up 4.2 percentage points from a year ago and has been growing since 2022. However, it’s not as high as it was before the pandemic: In 2019, the annual share of trade-ins with negative equity for new-car purchases was 33.6%, according to J.D. Power data.
and
On average, the age range of trade-ins with negative equity is 3 to 4 years old, according to Edmunds — “which means these are vehicles that were purchased between 2022 and 2023, a truly anomalous period in the market where it wasn’t uncommon to pay over the sticker price,
so not that hard to understand (as so many dummies panic bought over MSRP) and numbers aren't that scary compared to the past, and no real reason for the 'news' story
but its 'easy' to mass produce AI slop hit pieces today