1999 Ford E-250 Econoline Xl Handicapped Van With Lift on 2040-cars

Auto blog

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.

Submit your questions for Autoblog Podcast #324 LIVE!

We're set to record Autoblog Podcast #324 tonight, and our friend Peter Leung (a.k.a. BaronVonClutch), who writes about racing for Richland F1 is going to teach us how to love the vroom-vroom. Drop us your questions and comments regarding the rest of the week's news via our Q&A module below. Subscribe to the Autoblog Podcast in iTunes if you haven't already done so, and if you want to take it all in live, tune in to our UStream (audio only) channel at 10:00 PM Eastern tonight.
Discussion Topics for Autoblog Podcast Episode #324
Geneva Motor Show highlights from Zach

Wrap up some fun with Ford's commercial vehicle configurator

Ford has combined multiple steps into one with its commercial vehicle configurator, which allows users to choose, design and place orders for the Transit, Transit Connect, E-Series vans and F-Series Super Duty trucks.
The most interesting part of the new configurator is a fairly robust design tool. Users are able to choose paint color and wrap the vehicle, and then create their own graphics. No materials are needed - Ford provides numerous background textures, text boxes, plenty of shapes and 20 categories of images including floral, construction, plumbing and skylines. Self-created designs or images can be uploaded to the system as well.
We played around with the design tool a bit and uploaded our own image to create the Autoblog Podcast Live van you see here. Feel free to check out the configurator and make your own design.