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There's a handful of potential economic bubbles in the U.S. economy, and many analysts wonder if the auto loan market will be the next one to pop. April vehicle sales were up 17.9% from the year before, and auto sales are on track to top 13 million in 2011. But there's a dangerous factor present: subprime lending. Subprime lending in automobile sales was up 60% in 2010 from the year before, and now constitutes about 38% of total loan volume.
Money Morning Contributing Editor Shah Gilani joined FoxBusiness to discuss this growing danger lurking in the U.S. auto market.
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Tags: auto loan market
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