[…] It’s a situation known as negative equity, and consumers in November were “underwater” on their loans by an average of $6,054, the most since April 2020. It’s not a good place for consumers to be in, as a wave of car purchases was followed by higher interest rates that was followed by an uptick in repossessions. https://www.pymnts.com/economy/2024/carmakers-could-face-bumpy-road-2024-following-sales-rebound/ […]