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2016 Chevy Volt orders start tomorrow

For anyone in California who wants to be among the first adopters of the 2016 Chevrolet Volt, then May 28 is very important. Dealers in the Golden State get to be first to place orders for the range-extended electric vehicle on that day, but buyers in the rest of the US just have to wait a few months until their turn comes. This info comes from dealer data gathered by Inside EVs and confirmed by General Motors to AutoblogGreen. According to these slides, dealers in Connecticut, Massachusetts, Maryland, Maine, New Hampshire, New Jersey, New York, Oregon, Rhode Island and Vermont must wait until August 27 to place an order for the Volt. Finally, the reservations for the rest of the nation open up on October 1. The first production of these new models starts in August after a six-week shutdown at the Hamtramck factory to prepare for it. We already know that the 2016 Volt starts at $33,170, plus $825 destination, before federal or state incentives and is available in seven exterior colors and five interior upholstery options. The sedan is offered in LT and LTZ trims. Opting for the higher level adds features like an upgraded audio system, auto-dimming rearview mirror, front and rear heated leather seats, wireless device charging, and Automatic Park Assist. A navigation system on an 8-inch screen and safety assist suite are also optional, according to these documents. Related Video:

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.

2019 Nissan Leaf Plus vs. Chevy Bolt, Hyundai Kona Electric: How they compare on paper

Buying an EV once meant choosing either a reasonably priced model with paltry range and weak power, or a massively expensive one with a decent range. But today we have not one, but three options with reasonable prices and healthy ranges of over 200 miles. The latest of which is the 2019 Nissan Leaf Plus, which brings a bigger battery and a more powerful motor over its entry-level counterpart. The question is, how does it stack up with the defending entries in this segment, the 2019 Chevy Bolt EV and Hyundai Kona Electric? To get an idea, we've gathered up the specifications of each electric hatchback for comparison. We'll take a look at power, torque, electric range, charging options, interior space and the all-important pricing and incentives. You can see the raw numbers in the chart below, and additional insights in the text beyond that. If you'd like to compare these cars with other vehicles, be sure to check out our comparison tools. Range and power No matter how much electric cars improve their overall range, range anxiety is going to be an issue for a while, meaning every mile counts. The Kona Electric is the hands-down winner, managing 258 miles from its 64-kWh battery. Next is the Chevy Bolt EV at 238 miles from the group's smallest 60-kWh battery, followed by the Leaf Plus with 226 miles from a 62-kWh battery. For those who want to get really deep into energy usage, the Bolt EV and the Kona Electric have the same EPA rating for energy consumption of 28 kWh per 100 miles, meaning they're equally efficient. This is particularly impressive for the Kona, since it weighs nearly 300 pounds more than the Bolt. Something else to consider with these electric cars are charging options. All three have 120-volt level 1 and 240-volt level 2 charging capability standard, but only the Leaf Plus and Kona Electric give you DC fast charging capability for free. To get it on the Bolt EV, you'll spend an extra $750. Speaking from experience, you'll want DC fast charging if you plan on doing any long trips. 2019 Nissan LEAF e+ View 26 Photos As for the motors propelling these EVs, there's very little difference. The Bolt and Kona are neck-and-neck with 200 and 201 horsepower respectively. The Leaf has a few more horses at 216. In the torque department, the Leaf is last with 250 pound-feet, and the Bolt is just ahead at 266. The Kona is a serious twister with 290 pound-feet.