"So while carriers are hauling, consumers making car payments are stalling. Benjamin A. Smith writes for the Lombardi Letter, “over one million Americans are overdue on their auto loan payments. Coupled with the fact that U.S. auto loan debt is at a record high of $1.16 trillion and delinquency rates are at their highest levels since 2009 (the Great Recession).”"Uh-oh. Layoffs at Ford.
Monday, May 15, 2017
Signs the auto bubble is beginning to pop.