2010 Toyota Prius on 2040-cars

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8 fastest depreciating cars in America

Getting a new car is an amazing experience. The fresh new scent, the barely touched interior, the double digit miles on your odometer, and... the depreciation once it leaves the car dealers lot? Maybe not that last one. To save you from the hurt of a quickly depreciating new car, we collected 8 of the fastest depreciating cars in America. And here's a surprise, one of them is a Toyota. Learn more at Autoblog.com Cadillac Infiniti Jeep Kia Lincoln Toyota Autoblog Minute Videos Original Video jeep compass cadillac xts infiniti q50 camry q50

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.

Toyota takes self-driving step with patent for eyelid detection device

With the rise of smartphones and more advanced auto infotainment systems, combatting distracted driving is a growing concern. One day, fully autonomous vehicles could end the problem, but that solution is still at best years away for consumers. Until then, automakers are working to make the tech safer, and one way to do that is monitoring drivers' eyes to make sure they're paying attention. With a recent patent, Toyota thinks it can make the tracking work even better. In Japanese brand's patented solution, a camera constantly monitors the driver's upper and lower eyelids and uses the data to calculate how open the eyes are. The company admits systems like this already exist elsewhere, but they can sometimes return false results by detecting redeye instead of the location of a person's actual eyeball. To fix this, the automaker adds a further step to search for redeye. If it occurs where skin is already assumed to be, then the system can go back to tracking the accurate location of the eye. Toyota doesn't specify how it might use this technology, but more accurate data would always be useful. The company wouldn't be the first automaker to work on implementing eye detection, either. For example, General Motors has a pilot program using it to monitor distraction, and Jaguar Land Rover watches a driver's peepers to create the 3d image for its Virtual Windscreen. Related Video: