V70 R All Wheel Drive Wagon 6-speed Heated Leather Moonroof Cold A/c on 2040-cars

Auto blog

Scratch that new crossover, Volvo teases ad campaign for XC60

If we were to paraphrase the opening lines of Kenneth Graeme's Wind in the Willows for our own purposes, we'd write, "Have you heard about Volvo? They never planned a new crossover at all. It was all a horrid low trick of theirs...." To be fair, though, we can't blame them for our own presumption. When the Swedish car company created a site called LeaveTheWorldBehind.com and teased a couple of videos for some kind of collaboration with Swedish House Mafia, we thought the crossover in one of the teasers pointed to a new vehicle on the way.
Turns out that's not the case. It really is 'just' a collaboration with the band on a music video for Swedish artist Lune's cover of their 2009 song, Leave the World Behind.
But there are Volvos in it, and you can watch it below and hear original song alongside. We've also included the press release with more details on why it all came together, and a behind-the-scenes video on the collabo. To paraphrase Forrest Gump, "That's all we have to say about that."

Volvo developing new three-cylinder engine family

Pop the hood on a Volvo of recent vintage and you'll find four-, five-, six- and even eight-cylinder engines. But the Swedish automaker is downsizing its engines over the coming years. The new XC90, set to be revealed later this week, will use a new family of four-cylinder engines (like the one pictured above). But that's not even the end of it as emerging reports speak of a new three-cylinder engine family in the works.
The new 1.5-liter turbocharged three-cylinder engine will, according to reports, help Volvo further cut its carbon emissions in line with constricting regulations in markets like Europe and Australia. There won't be quite as many versions as the four-cylinder range, which will include gasoline and diesel versions in varying states of tune, but the three-pot motor is tipped to be employed in vehicles as large as the S60 and its stablemates. Larger than that, however, and the three-cylinder engine apparently just doesn't have the necessary torque.
Expect the new three-cylinder engine to be introduced sometime later this decade, after the four-cylinder's introduction in 2016. The three-cylinder engine is also set to form the building block of an even more efficient hybrid propulsion system in the future, enabling this new engine family to stay relevant through 2025.

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.