Posts

Showing posts from April, 2023

Short block engine and long block engine

Despite their names, both engine types are similar in size. They differ only in the components they carry. A short block engine package typically includes the engine block, crank and pistons. The term short block comes from the short list of components in the engine, which usually come with a short warranty. The long block engine includes all parts of the short block package with the addition of cylinder head, camshaft and valve train. Most aftermarket and replacement engines can be ordered as short blocks or long blocks. But there are many other factors that influence which type of engine to put in a particular vehicle and a particular budget. A turnkey or crate engine is a fully assembled engine that is typically shipped from the manufacturer to the installer in a crate. All the installer has to do is attach it to the vehicle, turn the key, and start the car. Turnkey engine packages typically include throttle pedals, spark plugs, airflow sensors, and various other small parts in ...

As interest rates rise, will auto lenders change their strategies?

Ongoing digitization, unpredictable inflation, rising cost of funds, shifting consumer expectations and a wave of defaults are conflating turmoil in the auto finance industry. The average interest rate on new car loans rose to 8.95% in March, up from 5.66% a year earlier, according to the report. cox auto For used cars, it reached 11.3% last month, up from 7.7% in 2022. edmonds . A recent survey by the Financial Services Agency shows that delinquencies are on the rise, especially among young borrowers. new york federal reserve . Lenders are responding by making a variety of strategic shifts. Some firms have raised prices indefinitely, while others have paused to restructure and repricing to avoid excessive risk exposure. Still, some companies are aggressively pricing to gain market share. These changes are having ripple effects throughout the world of auto finance. Are concerns enough to trigger strategic or technological change? If so, where will car lenders go from here? aut...

MotoGP legend Valentino Rossi appointed Yamaha brand ambassador

After joining Yamaha in 2004 and winning nine Grand Prix Motorcycle World Champions in 2004, he transformed the Japanese brand and won back-to-back titles. Rossi won two more for Yamaha in 2008 and 2009, taking seven wins in the premier class. Finished a MotoGP career with Mark End of 2021. The Italian had two stints with Yamaha from 2004 to 2009 and from 2013 to the end of 2021 after two disastrous seasons with Ducati in 2011 and 2012. Of his 89 MotoGP race victories, Rossi won 56 with Yamaha, making him the most successful rider in Grand Prix history. Since retiring in 2021, Rossi has embarked on the GT World Challenge Europe car racing campaign with WRT and owns the VR46 team that competes in MotoGP. Rossi has partnered with Ducati for his team debut in 2022, but has since appeared to have a satellite team again, which is why he has been linked to Yamaha switches. RNF Racing Switch to Aprilia in 2023 . VR46 Ducati’s deal runs until the end of 2024, but Yamaha boss Lin Jarvi...

Why GM is killing the Chevy Bolt EV amid record sales

The Chevrolet Volt EUV on display at the New York Auto Show on April 13, 2022. Scott Mullin | CNBC DETROIT — After years of lackluster performance and a fire recall, the all-electric Chevrolet Volt EV finally made headlines. general motors . As the cheapest EV in the U.S. after big price cuts, U.S. sales of the Chevrolet Volt rose more than 50% last year, with the automaker saying it will make a record 70,000 units in 2023. But instead of leaning more heavily on the car’s recent success and increased production, GM CEO Mary Barra said Tuesday that the automaker will end production Later this year, she once hailed the industry’s “true game changer” and “EV for everyone.” Barra told investors on the earnings call: Barra’s comments about the car being phased out were as quick as a butcher chopping off a chicken’s head, but when combined with the company’s plans to mass-produce profitable electric vehicles in the next few years, told many things. GM is on track to achieve s...

Hyundai and AAA team up to insure frequently stolen models

Hyundai and Kia owners are having trouble owning cars these days. After a TikTok video of him explaining the exact methods needed to steal a Hyundai or Kia car was released, owners found themselves seeing ridiculously high insurance premiums or not being able to get insurance at all. Now, Hyundai is taking a more hands-on approach to helping affected owners get insurance for their vehicles with a new partnership with the American Automobile Association (AAA). It’s strange that Hyundai has partnered with AAA to make sure owners of affected vehicles have insurance, but it fixes the issues some owners had. find insurance for their car. This insurance program is available in 47 states, but is not offered in Alaska, Massachusetts or Washington. Also only vehicles that require a physical key to start and do not have an immobilizer. AAA will provide affected owners with new renewable policies. “We are working with AAA insurers in the best interests of our mutual customers to provide suppo...

BMW’s patented ability to adjust EV drive modes

Drive modes aren’t new, but BMW may offer more in-depth customization in future high-performance EVs. first discovered by carbaz a recent patent application filed with the United States Patent and Trademark Office (USPTO) allows the driver to go beyond current driving modes and adjust things like throttle mapping and torque delivery to dramatically change the behavior of the car. to Instead of a limited number of modes with fixed settings such as Sport or Eco, the system presents the driver with graphs and allows custom settings to be selected depending on the application. It takes advantage of the great flexibility of electric motors, which can be powered up or down linearly like a dimmer switch. Also, most electric powertrains use his one-speed gearbox, so vehicle speed correlates more directly with accelerator pedal position. Taking advantage of these properties, the system proposed by BMW is based on acceleration and speed curves. The acceleration curve resembles the throttle ...

Functional and affordable folding electric bike

Image
whether you stumbled Lectric as a sponsor of Mr. Beast’s Philanthropy Or, if you’ve ever seen yourself zipping through a bike lane, you might already recognize the design of these fat-tire folding e-bikes.Lectric eBikes, launched in Phoenix, Arizona in 2019 , (not a typo) We have a reputation for making some of the most affordable e-bikes on the market.In a recent example, after just two months Rad Power Bikes Launches $2,500 Electric Tricycle Released Lectric $1,500 XP Trike and it came with better specs . Lectric’s cheapest bike $799 XP Lite — tested it for just over a month because it was to be ridden. Here’s what we thought. Lectric XP Lite: Our Thoughts XP Lite isn’t for cyclists, it’s for people who want to break their car dependency. This is the e-bike for summer work, campus commutes, and everything in between. It is foldable and can be easily stored indoors regardless of living conditions. best electric scooter fight with. The brakes are good, the electronics are sol...

Honda Accord vs. Toyota Camry: Compare Sedans

Image
Believe it or not, cars still account for about 20% of new vehicle sales. The many models of the Toyota Camry still outsell most other popular crossovers except for the Toyota RAV4. The newly redesigned Honda Accord suggests that Honda’s not ceding to crossovers, either. This classic battle between two of the bestselling mainstream sedans in history rages on, even in the electrified era.  The 2023 Honda Accord arrives with a new if not tamer look, and a cleaner hybrid option expected to account for more than half of Accord sales. The bestselling 2023 Toyota Camry makes its mark with three powertrain choices across six trim options, including an all-wheel-drive option lacking in the Accord.  Despite their nuances, they’re more similar than different, with starting prices below $30,000 and crash-minimizing standard safety features. Either one is a solid choice, but for different reasons. Here’s how we rank these sedans, and a side-by-side look at their competitive advanta...