Cannot continue like this any more.
The debt bubble is about to burst.
See the stats:
https://wolfstreet.com/wp-content/uploads/2019/08/US-consumer-credit-auto-2019-Q2.png
3 replies (most recent on top)
Who would lease or buy any new car? All overpriced!!! Everyone of them. Might be some good deals on a car, bit trucks and SUV's its laughable!!!
A lot of car loans are subprime.
They've gone back to lending money to people with low credit ratings who don't pay their bills.
If the economy gets bad, these are the first people who will default on their loans, and the market will be flooded with repossessed cars and drive prices down.
Not yet, but soon. The biggest pop will take the entire thing down.
This is a small thing.