Consumers Take a Bath on Rapidly Depreciating Trade-ins

The tsunami of pre-owned vehicles flooding dealer lots is great news for those seeking an affordable, low-wear used car, but the previous owners are taking a hit.

More than ever before, owners returning their vehicle for a trade-in are discovering their old car’s value sank faster than their ability to pay it off. New car buyers, take warning.

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  • Daniel J Our CX-5 has hit its automatic brakes a few times at in very unnecessary situations. My 2018 doesn't have it, but it will shake and throw a warning if it thinks you should brake. Only once was it needed. The dozen or so times it has gone off I was already on the brakes or traffic was in a pattern that just fooled it.
  • Kosmo This would become interesting with a turbo and 6MT.
  • CanadaCraig 'Afraid' is the wrong word. The question should be, "Do you trust autonomous cars to get you from point A to point B and all points in between safely?" And my answer to that question is 'NO'.
  • Daniel J For us it's just woefully underpowered. Put the 2.5T in it then I might consider it.
  • Bd2 Such practices are deeply frowned upon by Kia and Hyundai dealerships where consumers sport increasing credit scores and household incomes to boot.