1. JD Power Report: 30% of U.S. Car Buyers 'Underwater' on Trade-Ins as Negative Equity Rises
Nearly one-third of American car buyers are trading in vehicles worth less than the loan balance they carry, a financial trap that is tightening its grip on the auto market. New data from JD Power reveals that 30.5% of consumers who traded in a vehicle in March carried negative equity, a significant jump of 4.2 percent...