COLUMBUS, Ohio — Trading in your vehicle for that new car smell? You might want to park that thought.
New data from Edmunds shows more Americans are underwater on their car loans — and it’s not just for luxury vehicles; it’s across the board.
“About half of all transactions involve a trade. But the scary part is nearly a quarter of those transactions, they then involve negative equity,” said Ivan Drury, the director of insights at Edmunds…