2015 Ford F350 on 2040-cars

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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.

Chevy Blazer EV and Ford F-150 Raptor R | Autoblog Podcast #739

In this episode of the Autoblog Podcast, Editor-in-Chief Greg Migliore is joined by News Editor Joel Stocksdale. They cover the big news of the week including an electric Chevy Blazer, the Ford F-150 Raptor R and the strange lifted Toyota Crown sedan. The conversation then shifts to the cars they've been driving including a Ram 1500 Rebel G/T, Porsche 911 GT3 and Hyundai Elantra N. Finally, the episode wraps up not with a Spend My Money question, but an update, as a previous advice seeker reports their car buying decision. Send us your questions for the Mailbag and Spend My Money at: Podcast@Autoblog.com. Autoblog Podcast #739 Get The Podcast Apple Podcasts – Subscribe to the Autoblog Podcast in iTunes Spotify – Subscribe to the Autoblog Podcast on Spotify RSS – Add the Autoblog Podcast feed to your RSS aggregator MP3 – Download the MP3 directly Rundown 2024 Chevy Blazer EV 2023 Toyota Crown 2023 Ford F-150 Raptor R Cars We're Driving 2022 Ram 1500 Rebel G/T 2022 Porsche 911 GT3 2022 Hyundai Elantra N Spend My Money Update Feedback Email – Podcast@Autoblog.com Review the show on Apple Podcasts Autoblog is now live on your smart speakers and voice assistants with the audio Autoblog Daily Digest. Say “Hey Google, play the news from Autoblog” or "Alexa, open Autoblog" to get your favorite car website in audio form every day. A narrator will take you through the biggest stories or break down one of our comprehensive test drives. Related video:

Project Ugly Horse: Part VIII

Now With More EcoBoost
There's an EcoBoost 2.0-liter turbocharged four-cylinder in there somewhere, and it's headed straight for Ugly Horse.
For the second time in my life, I'm staring at an engine in the back of a truck with no concept of how to get it safely into the garage by my lonesome. The first time this happened, I dragged home a $300 International 345 V8 in the back of my Scout Terra only to discover that the bounds of my manliness terminated well before my ability to muscle that 800-pound cast iron block out of the pickup bed.