Viewpoint: Is Subprime Auto Lending the Next Housing Bubble?

It’s starting look almost like a bubble. Car debt has grown an astonishing 75 percent since 2009 to about $1.26 trillion, or roughly 5.5 percent of GDP, PIRG reports. Perhaps more concerning: A record 7 million Americans are now three months behind on their car payments, a sign that the American economy could be faltering, the Washington Post reported on Tuesday.