Are Auto Loans the New Subprime Systemic Risk?

As clouds gather over the formerly surging auto sector, consider steering away. By J. Richard Fredericks, Main Management AUTOMOTIVE TRENDS COULD BE A HEADWIND TO ECONOMIC GROWTH Americans love their automobiles. As a large capital expenditure, it is an important economic variable for the economy, representing approximately 3% of GDP, around 20% of retail sales, 10%…Click to read more at ETFtrends.com.