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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 Estate hauls in great expectations [w/videos]

You're looking at the third leg of Volvo's award-winning concept trilogy, the Concept Estate. Despite its banal name, this sweeping longroof showcar has our attention like few other cars at the Geneva Motor Show.
It's not just that we have a weakness for shooting brakes or Volvo's take on the genre in particular (we can see some P1800ES in this design). We just think this car is exceptionally well surfaced, with a fantastic stance and the sort of clean lines that are singularly appropriate of a Scandinavian design. We also appreciate the details that are expected to inform future production models, including the T-shaped headlamps, strong rear shoulders and floating grille mount. In fact, the vast majority of the Concept Estate's design idiom is expected to make it to showrooms in future models, starting with the long-overdue, second-generation XC90 crossover.
We hope - but don't expect - that attitude carries over to the interior, which has stunning, white leather, floating clamshell seats backed in plaid. If there's one cabin feature that's expected to make it to production, it's a derivative of the car's new infotainment system, which features a massive touchscreen with tablet-like gesture controls.

Volvo C30 Polestar Concept hits the 'Ring

It's been over three years since the Volvo C30 Polestar Concept was unveiled, driven by journalists and, as it turns out, lapped around the Nürburgring with Scandinavian Touring Car Championship driver Robert Dahlgren behind the wheel. For whatever reason, the video of the 'Ring track session was only published by the tuning company yesterday. (Another discrepancy: Did Polestar's C30 lose 46 horsepower somewhere along the line? Because the video states that it has 405 hp, while the company's website quotes 451 hp...)
Whatever the case, the tuned Volvo is a beast, much more so than the similar-looking, 250-hp 2013 Volvo C30 Polestar Limited Edition that was sold last year. With 451 hp (sounds better than 405 hp, doesn't it?), all-wheel drive, limited-slip differentials front and rear and Öhlins dampers, the Polestar Concept checks all of the right boxes for us.
For some reason, the video, which you can watch below, seems a bit vanilla to us. Perhaps the overly dramatic music takes away from the action and the beautiful sounds of the turbocharged five-cylinder engine?