1948 Ford F-100 F 100 Custom Restomod Pickup 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.

Ford readying dozen+ Mustang models for SEMA

Ford is unsurprisingly bringing a herd of its new 2015 Mustang models to next month's SEMA show in Las Vegas. Over a dozen of them are arriving from top aftermarket outfits like Galpin Auto Sports, Steeda, Roush and others. The Blue Oval isn't just shining a spotlight on the V8 model, though. The new EcoBoost 2.3-liter version with 310 horsepower and 320 pound-feet of torque is also getting its time in the sun.
Among the shined-up ponies will be a showcar helping Galpin celebrate the Mustang's golden anniversary, with the car is covered in the precious metal. The black paint over the body has gold flecks in it, and the wheels, side sills, brake calipers and badges all match, as well. However, it takes more than something shiny to truly impress at SEMA, and Galpin's Mustang also packs a Whipple supercharger for the 5.0-liter V8, boosting the bottom line to 725 horsepower. Take that, Hellcat. There's even a window in the hood to look through, not unlike a Chevrolet Corvette ZR1. The coupe also wears new headlights with LED turn signals that activate in sequence, just like the taillights, and the interior features black-and-gold Recaro seats.
Also set for its SEMA debut is an MRT showcar that takes the EcoBoost Mustang for a gallop with its TKO treatment. The black and orange two-tone car has been designed to incorporate select road racing elements. Mechanical upgrades include 14-inch brake rotors with new ducts, a Vortech air-to-air intercooler and an Air Lift suspension. The Mustang also shows off the company's products for added style and performance including a hood with integrated heat extractors and a unique front splitter.

2014 Ford Transit unveiled in Chassis Cab and Cutaway versions

As a leader in commercial vehicles here in the US, we knew Ford wouldn't take too long to show off the chassis cab and cutaway versions of its 2014 Ford Transit van. Set to go on sale this fall, Ford already revealed the full-body version of the Transit, and now it has pulled the cover off exposed-frame models just in time to to compete against the all-new Ram Promaster.
The term "chassis cab" refers to models with a fully enclosed cabin used for box vans or rental trucks, while cutaway models leave the cabin open behind the B-pillars for a pass-through on vehicles such as Class C motorhomes or ambulances. Both will offer three wheelbase options (138, 156 and 178 inches), the choice of single or dually rear axles, and plenty of upfitter-friendly touches including a pre-wired body harness and multiple body mount locations.
The new design will also help make upfitting a little easier since the fuel filler is now built into the cab (just behind the driver's door). Those integrated fuel filler necks will serve to feed either a 3.7-liter V6, a 3.5-liter EcoBoost V6, or a 3.2-liter Power Stroke diesel. Transit chassis cab and cutaways will wear varying Gross vehicle weight ratings from 9,000 pounds to 10,360 pounds depending on spec.