This isn't necessarily something to be proud of, but it gives you a glimpse into why it is that I find this ad from Pepsi so damn disappointing. Once, after a particularly artful handbrake turn on a two-lane at around 50 miles per hour, I left one backseat occupant crying in their own lap. sorta Wed, 12:57:00 ESTįull Disclosure: in my younger days, I loved nothing more than tormenting passengers with my behind-the-wheel hijinks. Watch NASCAR racer Jeff Gordon put one over on a used car dealer. 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. In that time, the average financing amount increased $90 per vehicle, to $25,963.Īt 818, Volvo maintains the highest per-owner credit score, while Mitsubishi has the lowest, at 694. As this level increased, average credit scores of borrowers dropped to 755, down from 763 a year ago. 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.Īccording 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. The housing bubble burst, triggering a collapse of the mortgage-backed securities market. At its core was a splurge of subprime lending for housing loans. We all remember the financial crisis that began several years back. Each is available with the truly impressive Allison five-speed automatic transmission.Subprime financing on the rise in new car sales, leasing too Fri, 08:44:00 EST Two monster engines are available in addition to the standard 6.0-liter V8: an 8.1-liter Vortec V8 that develops 455 foot-pounds of torque, and the mighty new Duramax 6600 diesel V8 that generates 520 foot-pounds of torque. They offer excellent handling, the smoothest ride and the most up-to-date interiors. More noticeable on a daily basis is their superior refinement. That's a strong statement, but they boast the most power, the heftiest gross vehicle weight rating and the highest gross combined vehicle weight rating available. Based on our driving experience, the Chevy Silverado and GMC Sierra appear to be the best heavy-duty pickups on the market. General Motors completely re-engineered its heavy-duty pickups last year. Heavy-duty pickup trucks don't get any better than the heavy-duty Silverado line.
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Introduced last year, this is the first full production year for the new 1500 HD model, which combines light-duty 1500-series styling in a heavy-duty six-passenger crew cab with a 300-horsepower Vortec V8.Īlso available for 2002 is Quadrasteer, an electronically controlled four-wheel-steering system that makes parking much easier and pulling a trailer a breeze. Option packages have been streamlined for value and convenience. Silverado prices still start about $700 below Ford's F-150. The base price is higher for 2002, but it now buys more standard equipment, including the chrome bumper and grille that Chevrolet claims most buyers want. It rides, handles, and stops as well as, maybe better than, the best of them. This truck is every bit as technically advanced, every bit as car-like and user-friendly as its aero-look competitors. By consciously avoiding the more radical concept styling of its competitors, the bluff-nosed, square-shouldered Silverado seems to have found its own secure niche in the hearts of many American truck buyers.īut don't let Silverado's conservative demeanor fool you. The Chevrolet Silverado is the second-best-selling pickup in America, but that still adds up to a lot of trucks.
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