As some might recall from the movie title "Farenheit 451", that is the ignition point of dry paper (233 °C). This is a couple of hundred degrees hotter than the 160 °F or so that it takes to feel 'hot'.
My personal opinion is that there is far more igniton danger from your catalytic converter (which can reach 750°F on the outer surface) than there is from your hubcaps.
I wonder what the ignition temp is of dried grass. I held some paper at the focus of the reflection and, after several minutes, got a bit of scorching. I should have tried the dried grass. A saving point is that the apparent motion of the sun would not keep the focus in one spot for very long.
I agree with your point about the CC, but it is not sitting there, hot, for 6 to 8 hours a day.