re: The coming automobile market collapse and what it means

quote:

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auto loan delinquencies were pretty much between 2-3%. Today that number has exploded. Its 10% in Texas and 23% in DC. Nationwide, its around 9%.

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Welp, just like I’ve been saying for the past couple of years. “How the frick are people able to afford these $60,000-$90,000 cars and trucks? And who in their right mind is willing to pay that much for them?”

I guess the answer is that they couldn’t afford them. No sympathy from me driving my 8 year old paid off truck.