Episode 105 – High Car Prices, Low Equity and we have sound effects cover art

Episode 105 – High Car Prices, Low Equity and we have sound effects

Episode 105 – High Car Prices, Low Equity and we have sound effects

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 https://traffic.libsyn.com/thebeerreport/TW_105_Final.mp3 Welcome to the automotive podcast that does not pay the average price for their cars… On this episode of Throwin’ Wrenches… Everyone wants record high returns… But how about record high car prices?How about record amounts of upside-down cars?Canada’s loss is our gain. More jobs at Stellantis in Illinois All of that and more on this episode of Throwin’ Wrenches. Thanks for listening. To join in on the fun of the show, just email us at info@throwinwrenches.com or post a review on itunes to be heard worldwide! SPOTIFY COMMENTS and polls – We have some comments! Check us out on YouTube, before we are banned for copyright! Sponsors Fort’s Toyota of Pekin PATREON – Thanks to our Patreon supporters. Itunes Premium – people love it! Full integration into your Apple Podcast app. Projects Eric: SCC Roundup – Jake’s show coming up. Jake got a scratch. Celica redo… leaking since service. Distrubugtor Daryl: Tundra brakes Cadillac compression test Garage cleaning and paring down. Aanco stuff added. NEWS: EDMUNDS: Underwater and Sinking Deeper: The Average Amount Owed on Upside-Down Auto Loans Climbed to an All-Time High of $6,905, According to Edmunds Analysts say a record nearly 1 in 4 vehicle trade-ins toward new-car purchases with negative equity carried more than $10,000 in debt SANTA MONICA, CA — October 15, 2025 — More Americans are finding themselves upside down on their car loans, according to the car shopping experts at Edmunds. Q3 2025 data from Edmunds1 shows that a growing share of owners are trading in vehicles worth less than what they owe — and the debt they are rolling forward is only growing: More than one in four new vehicle trade-ins are underwater, a four-year high. 28.1% of trade-ins toward new-car purchases had negative equity, up from 26.6% in Q2 2025 and 24.2% in Q1 2025. This is the highest share Edmunds has on record since Q1 2021, when 31.9% of new-car trade-ins were upside down.Americans with upside-down car loans owe more than ever. The average amount owed on upside-down loans hit a record $6,905 in Q3, edging past the previous high of $6,880 set in Q1 2025.Nearly one in three underwater car owners owe between $5,000 and $10,000 in debt — a new record high. 32.9% of negative-equity trade-ins fell into this range in Q3, up from 32.6% in Q2 and continuing a steady climb since last year.A record share of underwater car loans are carrying five-figure debt. Nearly one in four (24.7%) trade-ins with negative equity carried more than $10,000 in debt in Q3, surpassing the previous high of 24.6% set in Q4 2024. Another 8.3% of trade-ins with negative equity carried more than $15,000 in debt, up from 7.7% in Q2 2025. New Research Confirms: Major North American Auto Shows Drive Consumer Behavior and New Vehicle Sales New York International Auto Show, Los Angeles Auto Show, Canadian International AutoShow NEW YORK, Oct. 16, 2025 /PRNewswire/ — In an era dominated by digital and social media marketing, new research released today by Clarify Group shows that the in-person, immersive experience of attending an Auto Show in the United States and Canada continues to play a critical role in the new-vehicle purchase journey for consumers — and has a measurable impact on consumer buying decisions. Clarify Group Inc., a leading automotive research and insights firm, conducts research on behalf of the three largest Auto Shows in North America: the Los Angeles Auto Show, the Canadian International AutoShow (Toronto) and the New York International Auto Show. As the new Auto Show season approaches — with Los Angeles opening Nov. 21, Toronto on Feb. 13, 2026, and New York on April 3, 2026 — Clarify is releasing highlights from the most recent studies conducted across the three shows, representing the voices of nearly 9,000 visitors. These findings offer important insights for vehicle manufacturers, marketers and retailers about consumer intent and behavior. The research underscores the importance of Auto Show participation for OEMs and the risks created for any brands that choose not to participate. Key Findings (across all three shows unless otherwise stated) 40% of Auto Show visitors intend to buy or lease a new vehicle within the next 12 months Auto Show visitors are 2.9 times more likely than the average consumer to purchase or lease a new vehicle within the next year 68% of Auto Show visitors are in the market to buy within 24 monthsGen Z visitors are the most enthusiastic promoters among all age groups—they are 1.5 times more likely than average to recommend the Auto Show to friends and family, challenging the perception that Gen Z consumers prefer only digital engagement with brands https://docs.google.com/presentation/d/1TSkMc84EDB8LyRevvyt5D_OaN6o0ErOmwhNG4cTotAw/present?slide=id.g27081fa77aa_0_14 Average Price For A New Car Hits $50,000 For First Time Ever BY RYAN ERIK KING ...
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