Another result of this cheap gas/pickup craze is a rise in popularity of 84-month auto loans. That’s a seven-year loan on a rapidly depreciating asset. That’s not good.

First gear - this is a slow motion retelling of the housing bust 10 years ago writ small. It wont have the same effect because houses (generally) cost more than cars but the same group of ppl who got screwed 10 years ago are going to be the ones who take it on the chin here.