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Subprime financing on the rise in new car sales, leasing too

We all remember the financial crisis that began several years back. At its core was a splurge of subprime lending for housing loans. The housing bubble burst, triggering a collapse of the mortgage-backed securities market. Apparently, those types of loans still exist in the automotive industry, and the market share for these types of "nonprime, subprime, and deep subprime," loans has grown 13.6 percent compared to the third quarter a year ago.
According to an Automotive News report, high-risk lending expanded to 24.8 percent of total loans in Q3, up from 21.9 percent for this time last year. As this level increased, average credit scores of borrowers dropped to 755, down from 763 a year ago. In that time, the average financing amount increased $90 per vehicle, to $25,963.
At 818, Volvo maintains the highest per-owner credit score, while Mitsubishi has the lowest, at 694. The highest rate of borrowers was at Toyota, with 14 percent of the market, followed by Ford with 13.1 percent and Chevrolet at 11.1.

The 2014 Chevrolet SS sedan is for drivers who value performance above all else

The car you see above is the 2014 Chevrolet SS, and it's important both because it is the first rear-wheel-drive performance sedan from Chevy in 17 years, and because it will be the nameplate the brand uses on NASCAR tracks all across the country starting this year.
Though it wears a name as American as baseball and apple pie, the machine was actually designed and built in Australia, sharing most of its parts with the brand-new VF-model Holden Commodore. That said, the basic chassis bits are shared with other Chevrolet models like the Camaro and Caprice Police Patrol Vehicle.
While Chevrolet is happy to sell a Malibu or Impala to anyone looking for a mainstream family sedan, but the SS is reserved for buyers interested first and foremost in performance. Most sedans sold these days are front-wheel drive, which is great for everyday driving and when the weather goes bad, but the SS is instead a rear-wheel-drive vehicle aimed at enthusiasts who love to drive and who prefer speed and performance above all else.

Kurt Busch to shake and bake (again) in Ricky Bobby car at Talladega

Kurt Busch will channel Ricky Bobby for another NASCAR race, this time driving a Wonder-sponsored Chevrolet SS, in this weekend's Camping World RV Sales 500 at the Talladega Motor Speedway. Unlike past tie-ins, though, there's actually an element of sponsorship here (the "Me" car was done when Busch was running on a team without sponsorship).
It was arranged by Flower Foods, the new owner of the Wonder brand. Wonder was part of the bankrupt Hostess company, which temporarily exited the US market 2012, and set off the Great Twinkie Shortage.
Busch has made something of a habit of channeling characters from famous racing movies, most recently running Tom Cruise's City Chevrolet livery from Days of Thunder in a Nationwide Series race earlier this year. Busch kicked off his movie-inspired antics, though, at Talladega in 2012, when he raced El Diablo's ("It's like... Spanish for like a fighting chicken") "Me" car complete with a cougar on the hood. He even went so far as to channel the lovable idiot that is Ricky Bobby during the race, dropping a few catchphrases about macchiatos and slingshots.