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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.

Volvo Concept XC Coupe leaked [w/video] [UPDATE]

Last month, Volvo gave us a teaser of its new Concept XC Coupe, set to debut at the Detroit Auto Show. And now, just a few days before the doors open at Cobo Hall, leaked images of the stylish new crossover showcar have leaked online, courtesy of CarBuyer.co.uk.
The Concept XC Coupe is a sort of high-riding successor to the very attractive Concept Coupe that wowed us at the 2013 Frankfurt Motor Show. With its burlier dimensions and hatchback configuration, the Concept XC gives us a better glimpse at Volvo's new styling direction, which is expected to debut in production form on the next-generation XC90 crossover. We've already seen some leaked sketches of the new XC90, and it sure does look like this Concept XC.
We don't have any further details about the Concept XC Coupe, but from the images, we can see that it will use a four-passenger seating configuration, with rear seats that fold flat. There are also exterior badges for surround radar and a 360-degree camera system, suggesting some new safety tech fitting of safety-minded brand.

Next Polestar Volvo sounds great, whatever it is

Something - we don't know what yet - is coming from Polestar. While we'll be recovering from next week's LA Auto Show and Tokyo Motor Show (and starting to slack off ahead of an extended Thanksgiving weekend), the official tuner of Volvo products has announced plans to unveil its latest creation in less than two weeks.
Based on this video teaser, we can only imagine (and hope) that it's the souped-up Volvo V60 recently caught testing by our spy shooters. The idea of a high-performance Volvo wagon was already enough to get us giddy last month, but the exhaust note in this video is downright captivating. Scroll down to watch the teaser for yourself, and be prepared for some bright blue wagony goodness to be revealed on November 26.