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Title: The $934 Billion Auto Loan Bubble - Subprime lending tactics in auto loans mimic the mortgage crisis
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URL Source: http://investorplace.com/2015/02/au ... an-bubble-stocks/#.VW2tHUZhnhM
Published: Jun 2, 2015
Author: John Divine
Post Date: 2015-06-02 09:27:30 by Jethro Tull
Keywords: None
Views: 710
Comments: 58
The last major debt bubble, courtesy of subprime mortgages, wreaked absolute havoc on the U.S. and global economies when it flamboyantly burst in 2008. Auto Cars Transportation 150x150 The $934 Billion Auto Loan Bubble: 5 Stocks to Sell NowSeven years later, a new bubble threatens our economy: the $934 billion auto loan bubble. Motor vehicle loans rose for the 14th straight quarter in Q4 2014, increasing by $29 billion from the quarter before and reaching a new record high. Increasingly, people are defaulting on these loans: 3.5% of auto loans are in the 90+ day delinquency period, a sharp uptick from 3.1% in the third quarter. Poster Comment: I'm watching the Regime's mouthpieces on CNBC tout strong auto sales while never once discussing the subprime auto loan bubble. I read recently that the average car loan amount is app. $33k, payable over 7 years.
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#6. To: Jethro Tull (#0)
(Edited)
I made a $15 profit on my first car...an AMC Levi Strauss Gremlin bought for $160....sold for $175. I lost $75 on my second...bought for $100...junked for $25...a 1971 Ford Pinto in shit brown that I dubbed the Baked Potato...
Gremlins and Pintos were the beginning of the dark years for American cars. Two royal POS right there. My first car was a 1961 Mercury Comet. It blew up on Flatbush Ave so I pulled the plates and abandoned it in at a bus stop :)
War still laments not owning a Pacer for that would have been the trifecta of American POS. Well, two out of three is still pretty bad. :) My first ride was a 65 Mustang.
You have no idea how badly I wanted one of those...AM/FM radio standard equipment!!!! My first ride was a 65 Mustang. GT with the V8?
My first ride was a 65 Mustang. GT with the V8? I know! You could have had the joy of three on the tree too! : ) My first was a coupe with a six cylinder. My second was a 70 302 Boss. My fifth was a 69 convertible with a 351. The last one I had was a 68 CA Special with a quick little 302. Now, I am the proud owner of a 1973 Thing. I know you are seething with jealousy. : )
Yes...I wanted the Vibrant Orange!!! Actually my dream car right now is a '66 GTO...ragtop...
You kids never drove a Packard?
So, you ARE the top 1%, outed at last:
See the spare tire on the side???? One we had, to remove the wheel, it had reverse threads. Dont ask me why.
To let the natural rotation of the wheels keep the lugs snug: several makers did that back when, until US became too stupid to figger it out and they gave up on US.
Ford just kicked the hornet's nest: https://media.ford.com/content/fordmedia/fna/us/en/news/2015/06/02/526- horsepower-ford-shelby-gt350-mustang.html 526-Horsepower Ford Shelby GT350 Mustang Exceeds 100 Horsepower Per Liter with New 5.2-Liter Flat-Plane V8 At 102 horsepower per liter, the all-new 5.2-liter V8 for Shelby GT350 Mustang and Shelby GT350R Mustang is both the most power-dense and the most powerful naturally aspirated road-going engine in Ford history •All-new Ford 5.2-liter flat-plane crankshaft V8 – an engine unique to Shelby GT350 and Shelby GT350R – produces 526 horsepower and 429 lb.-ft. of torque •With a redline of 8,250 rpm, the all-new 5.2-liter engine is the highest- revving production V8 in Ford history Dearborn, Mich., June 2, 2015 – Its crankshaft may be flat, but its power output is anything but “plane.” Ford announced today the most powerful naturally aspirated road-going engine in its history. The all-new Ford 5.2-liter flat-plane crankshaft V8 will produce 526 horsepower and 429 lb.-ft. of torque in Shelby GT350 Mustang and Shelby GT350R Mustang – an engine unique to the two models set to go on sale this fall. “The Shelby GT350 program began with a clear objective – create the most balanced, nimble and exhilarating production Mustang yet,” said Jamal Hameedi, Ford Performance chief engineer. “Every change we made to this car was driven by the functional requirements of a powerful, responsive powerplant. The high- revving, naturally aspirated 5.2-liter flat-plane V8 delivers on every target we set – high horsepower, broad torque curve, aggressive throttle response and light weight.” The all-new 5.2-liter V8 is not only Ford’s most powerful naturally aspirated engine ever, but also its most efficient in terms of specific output. Without turbocharging or supercharging, the flat-plane crankshaft V8 produces 102 horsepower per liter of displacement. The new engine is also the highest- revving V8 in Ford history – with a redline of 8,250 rpm. Unlike traditional V8 engines, the all-new 5.2-liter uses a flat-plane crankshaft more typically found in a Ferrari sports car or in racing applications. The design of this new engine for the Shelby GT350 was optimized using computer-aided engineering and fully digital performance simulations. Millions of intake, cam and exhaust configurations were iterated before arriving at the optimal combination. Better engine breathing delivers optimal power Traditional cross-plane crankshaft V8 engines attach the piston-carrying connecting rods to the crankshaft at 90-degree intervals, creating a “cross” of counterweights when viewed down the axis of the crankshaft. In the all-new Ford 5.2-liter V8, the connecting rods attach to the flat-plane crankshaft at aligned 180-degree intervals – creating what looks like a flat line of counterweights when viewed down the axis of the crankshaft. Beyond a change in the characteristic sound of an American V8, the flat-plane crankshaft helps improve cylinder exhaust-pulse separation by allowing a firing order that alternates ignition events between the V8’s two cylinder banks. This can vastly improve engine breathing, and subsequently allow the engine to make more power. The result in the new 5.2-liter V8 – in addition to a uniquely exotic, delicious engine note – is 526 horsepower at 7,500 rpm and 429 lb.-ft. of torque at 4,750 rpm. Even more impressive is the track-tuned flexibility of the engine’s exceptionally wide powerband. It produces 90 percent of peak torque from approximately 3,450 rpm through 7,000 rpm, and features a racetrack- friendly spread of nearly 3,000 rpm between its torque and horsepower peaks. In both Shelby GT350 and Shelby GT350R, the all-new 5.2-liter will be paired with a six-speed manual transmission as its only gearbox option. The Tremec TR- 3160 six-speed manual is specifically engineered for less mass and high-rpm application in the new Shelby Mustangs. The six-speed features a lightweight, die-cast aluminum case and clutch housing for increased overall powertrain stiffness. Gear cross-sections, the dual-mass flywheel and dual-disc clutch are all optimized for an overall reduction in inertia and weight. Other aspects of the new 5.2-liter V8 (actual displacement is 5,163 cubic centimeters) include a slightly oversquare bore and stroke of 94x93 millimeters, and a performance-enhancing 12.0:1 compression ratio. Computer numerical control-machined cylinder heads house camshafts that develop a massive 14 millimeters of lift for both the hollow-stem intake valves and sodium-filled exhaust valves. A single, fast-acting 87-millimeter throttle body – the largest ever used for a Ford engine – feeds air to the engine, allowing for a simpler, lighter intake. Further reducing engine weight is a unique new aluminum engine block featuring Ford’s patented plasma transferred wire arc cylinder-liner technology. This process eliminates typical heavy iron cylinder liners with a deposition process. The forged-steel flat-plane crankshaft is “gun drilled” to reduce total engine weight and to improve bay-to-bay cylinder breathing. A lightweight, high-capacity composite oil pan contains baffling designed for sustained high-speed cornering and hard braking. “A new Mustang as exceptional as the Shelby GT350 deserves an equally extraordinary engine,” said Dave Pericak, director, Ford Performance. “The all- new naturally aspirated 5.2-liter V8 perfectly fits the balanced dynamics of the Shelby GT350, and we believe this new engine will become a performance legend.”
- 526 HP - 429 LB-FT - 102 hp per liter - 8250 RPM rev limiter - 12:1 compression (93 octane) - 87mm throttle body - Second generation block - honed with torque plates - Cylinder heads 6% lighter than Coyote - Larger valves than Coyote - 14mm lift cams - Active exhaust valves - Rifle drilled crankshaft - Crankshaft represents only 15% of rotational inertia - One-piece oil pan and windage tray - Better flowing intake than Boss 302 - Most Power dense and powerful NA road-going engine in Ford history
Fifty years ago, I'd have donated the left nut to have one of those cars. Wow! smokin'
Fifty years ago, you could not have baought a car with this level of performance for any price. Unless you only wanted to go in a straight line, that is. Come to think of it, that car is almost as fast as the dragsters from 50 years ago. Not exactly practical, but it would sure make for a fun drive through the woods.
The newer supercharged Corvettes go into 'limp-mode' after a couple of laps at a racetrack. Not the new GT350/GT350R, which has a lower displacement in cubic inches, too. When the owners/race teams get them they'll really tear it up. These are not drag cars, they're track cars and are more balanced for performance street use like the older Trans-Am series car.
Exactly - track cars have to be able to run for hours, where slot-cars only have to run for seconds. Big difference, big, big, difference.
#58. To: Lod (#57)
Moar Shelby:
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#15. To: war (#6)
#28. To: Jethro Tull, war (#15)
Gremlins and Pintos were the beginning of the dark years for American cars. Two royal POS right there.
#30. To: abraxas (#28)
War still laments not owning a Pacer for that would have been the trifecta of American POS.
#32. To: war (#30)
You have no idea how badly I wanted one of those...AM/FM radio standard equipment!!!!
#33. To: abraxas (#32)
Now, I am the proud owner of a 1973 Thing. I know you are seething with jealousy. : )
#34. To: war, abraxas, 4 (#33)
sweet -
#37. To: Lod, war, abraxas, 4 (#34)
A '67 Firebird like this found a tree in B'klyn @ app. 80 MPH.
#38. To: Jethro Tull, abraxas, war, 4 (#37)
'64 riv' - a real magnet, back in the day -
#39. To: Lod (#38)
#43. To: Cynicom (#39)
Packard
#44. To: X-15 (#43)
#46. To: Cynicom (#44)
#48. To: Lod (#46)
#49. To: All (#48)
#51. To: X-15 (#49)
#53. To: Lod, X-15 (#51)
Fifty years ago, I'd have donated the left nut to have one of those cars.
#56. To: Dakmar (#53)
Not exactly practical, but it would sure make for a fun drive through the woods.
#57. To: X-15 (#56)
Replies to Comment # 57.
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