May's Sales Numbers

thomasmnile wrote:
Read today outstanding vehicle loans in the US surpassed 1 TRILLION DOLLARS in May, for the first time ever. :E Cars, trucks, whatever, is this another housing bubble in the making? Perhaps a lot of bargains (relative to new pricing) hitting the used car markets soon? :h

Saw the same article. Problem is the high payment of new autos. $30,000 average price and $500.00 for payments. A recipe for disaster.