Latest Experian data on Q1 new vehicle leases/loans is bonkers:
-19% of loans >$1k a month (up 17% YoY)
-74% of those >$1k monthly loans are for non-luxury makes, particuarliy full-size pickup trucks.
-Average monthly payment now $770.
-Both 30- and 60-day delinquencieis up.
This is wonderful.
