Sign up to get updates from us
Attention, used car owners: brace for impact as the value of your vehicle nosedives. Cheaper EVs are flooding the market, causing demand for gas guzzlers to plummet and resale prices to plummet further. Rising interest rates mean you likely owe more on your car loan than your vehicle is worth. You're trapped, stuck with a depreciating asset. Will you trade it in for a loss or continue driving a money pit? Tune in to The Auto Authorities podcast with expert hosts Jay Grosman and Gerald Bentley, who discuss the sharp decline in used car prices and its impact on your finances.
