Based on car sales in the first half of 2015, we're on pace to beat the 17.4 million vehicles sold back in 2000.
But there's a troubling flip side to that retail boost to the economy...
You see, relatively low borrowing costs and a sympathetic bond market have helped push total U.S. auto debt to $1.01 trillion - the highest level ever.
At the same time, the rejection rate for car loans is hovering at just 3.3%. That's the lowest level on record at the New York Fed.
Even worse, more than a quarter of that debt is actually subprime, thanks to loose credit standards and the bundling of loans.
That hasn't stopped American auto production from screaming upwards, though.
We've been through this before, so we know it's all going to end badly.But that doesn't mean there's no money to be made on the way up...