Car price – Lancia Data http://lanciadata.com/ Fri, 24 Jun 2022 10:09:17 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://lanciadata.com/wp-content/uploads/2021/07/favicon-24-150x150.png Car price – Lancia Data http://lanciadata.com/ 32 32 Around the tracks: Automakers stumble over geopolitics, supply chain entanglement https://lanciadata.com/around-the-tracks-automakers-stumble-over-geopolitics-supply-chain-entanglement/ Fri, 24 Jun 2022 10:09:17 +0000 https://lanciadata.com/around-the-tracks-automakers-stumble-over-geopolitics-supply-chain-entanglement/ Lockdowns to limit the spread of COVID-19 in China, particularly in Shanghai, have disrupted the supply chains of automakers, which were already facing a shortage of semiconductor chips. Market projections have become more uncertain following Russia’s invasion of Ukraine, the latter being a major supplier of vehicle wiring harnesses to several European automakers. The invasion […]]]>

Lockdowns to limit the spread of COVID-19 in China, particularly in Shanghai, have disrupted the supply chains of automakers, which were already facing a shortage of semiconductor chips.

Market projections have become more uncertain following Russia’s invasion of Ukraine, the latter being a major supplier of vehicle wiring harnesses to several European automakers. The invasion has also affected chipmakers in the United States, as Ukraine manufactures gases such as neon which are used in lasers to produce the chips. Sanctions on Russia have hit hard as from January to May, vehicle sales in the region fell 52% year-on-year to 318,114 units, according to data from the European Business Association.

Rising raw material costs are hitting electric vehicles, driving up retail prices for electric vehicles.

Platts marine lithium carbonate and lithium hydroxide valuations jumped 115.9% and 139.4%, respectively, since the start of 2022 to $73,000/mt CIF North Asia and $75,900 /mt CIF North Asia on June 22, according to data from S&P Global Commodity Insights.

Market uncertainty will likely lead to greater dependence on contract volumes, which could prolong future contract discussions and strengthen the protection of supply chains.


Forward speed: End of containment in Shanghai to repair supply chains
Reverse: Retail vehicle prices could exceed disposable income

Outlook

Automakers are struggling to restore normal operation. Along with the likelihood of the war in Ukraine not ending anytime soon, the emergence of a downside factor that could hit global economies could lead to a recession never seen before.

“For many countries, recession will be difficult to avoid,” World Bank President David Malpass said on June 7. “Even if a global recession is averted, the pain of stagflation could linger for several years unless significant supply increases are triggered.”

Even though demand for new vehicles is strong, prices for these vehicles are rising and may well put them outside the comfortable price range for consumers whose earning capacity has been reduced by at least two years of COVID-19 and their effects, inflation notwithstanding. Is it any wonder that stagflation is on the lips of economists and soothsayers?

Moreover, growing food protectionism could very well lead to an obvious choice between filling stomachs or gas tanks or recharging an EV battery.

WE


U.S. vehicle inventories remained tight as production struggled to recover from semiconductor shortages and other logistical challenges that began in the first half of 2021.

Although vehicles on dealer lots are reaching record transaction prices, the impact of rising interest rates could curb this trend.

Hot-rolled coil prices have been volatile since hitting the $1,500/st mark, as assessed by S&P Global for its daily Platts TSI US Hot-Rolled Coil Index in early 2022.

  • Shortage of semiconductors is hampering production
  • Suppressing demand for vehicles could increase production in 2023
  • The Platts TSI US HRC Index stood at $1,240/t on May 31, down 2.4% from $1,270/t on January 31.

EU


Chart: EU car registrations face supply problems

New car registrations in the European Union fell 13.7% to 3.72 million units between January and May, according to data from the European Automobile Manufacturers Association, as shortages of semiconductors have negatively affected car sales in the region.

For the month of May alone, passenger car registrations fell by 11.2% year on year to 791,546 units. Consumers in the region have come under increasing pressure from rising inflation.

Russia’s invasion of Ukraine has deepened the bear market, as well as impacting energy. Due to the uncertainties, EU automakers that were able to recover quickly from the initial impacts could face short-term declines. European electric vehicle manufacturers have had to deal with rising material costs for batteries.

  • Glut and weak demand hit HRC markets in EU
  • Battery and vehicle makers step up plans to secure future supplies
  • Russia’s new car sales may fall to lowest since 2006: Autostat

CHINA


Chart: Chinese vehicle production slumps due to lockdowns

Vehicle production in China fell 12.6% year-on-year to 1.86 million units in May as lockdowns in Shanghai disrupted vital supply chains, according to data from the China Association of Car manufacturers.

But the country’s new-energy vehicle production in May reached 466,000 units, up 113.9% on the year and 49.5% on the month.

China’s auto industry is expected to hit its full-year target as domestic producers step up efforts to bring production back to normal, CAAM said.

  • China cuts taxes on vehicle purchases
  • Rising raw material costs could hamper NEV growth
  • NEVs are more likely to benefit from government stimulus

INDIA


Chart: India's auto sector sees steel costs rise

Indian vehicle production stood at 1.97 million units in May, down from 1.89 million units in April and 806,755 units in May 2021, according to data from the Society of Indian Automobile Manufacturers. However, since 2020 and 2021 were years when lockdowns took place to limit the spread of COVID-19, the 2019 data was considered a better comparison. In this case, 2.42 million units were produced in May 2019, so May 2022 was 18.6% lower than the pre-COVID-19 level.

In May, the Indian market had not recovered from the impact of COVID-19. The Federation of Automobile Dealers Associations is taking a cautious stance on any recovery in vehicle sales in the near term.

  • Higher wholesale vehicle prices will reduce buyers’ disposable income, affecting vehicle sales
  • India cuts excise duty on fuel prices to control inflation
  • Local automakers, such as Maruti Suzuki, are struggling to maintain high production schedules
]]>
Electrified powertrains, luxury features, pricing and more https://lanciadata.com/electrified-powertrains-luxury-features-pricing-and-more/ Tue, 21 Jun 2022 22:21:34 +0000 https://lanciadata.com/electrified-powertrains-luxury-features-pricing-and-more/ The 2023 Range Rover Sport is the third variant since Land Rover introduced the Range Rover Sport in 2005. It’s hard to tell at first glance, but the new Range Rover Sport is slightly bigger than the outgoing variant. It is about 2.64 inches (67 mm) longer and 1.6 inches (40 mm) longer with a […]]]>

The 2023 Range Rover Sport is the third variant since Land Rover introduced the Range Rover Sport in 2005. It’s hard to tell at first glance, but the new Range Rover Sport is slightly bigger than the outgoing variant. It is about 2.64 inches (67 mm) longer and 1.6 inches (40 mm) longer with a longer wheelbase of 2.91 inches (74 mm). Land Rover is bringing back the plug-in hybrid powertrain it previously refused to offer, but what’s more exciting is the all-electric Range Rover Sport that the automaker promises will join the lineup by 2024.

“The exceptional new Range Rover Sport sets new standards as the ultimate sporting luxury SUV, building on 17 years of unique customer appeal,” said Thierry Bolloré, Jaguar Land Rover President and CEO. “It’s the latest embodiment of our vision to create the world’s most desirable modern luxury vehicles, effortlessly blending new levels of durability with the iconic qualities that have made the Range Rover Sport so popular.”

Range Rover Sport 2023: what’s new?

The Range Rover Sport debuts with updated styling cues, impressive powertrain options and jaw-dropping luxury amenities. Available in SE, SE Dynamic, Autobiography and First Edition, the latter is exclusively available with a 523 horsepower twin-turbo V8. The base P360 SE trim comes standard with a 3.0-liter turbocharged inline six-cylinder gasoline engine and a 48-volt mild-hybrid system that develops 355 horsepower, while the P400 SE Dynamic has a more powerful version of 395 horsepower from the same hybrid. powertrain.

Meanwhile, the P440e is a plug-in hybrid with a turbocharged inline-six gasoline engine, 105 kW electric motor and 31.8 kWh battery, collectively producing 434 horsepower and around 48 miles of all-electric range. The Range Rover Sport P440e sprints from zero to 100 km/h in 5.5 seconds, while the turbocharged V8 First Edition completes the run in 4.3 seconds. All Range Rover Sport variants come standard with an eight-speed automatic gearbox, all-wheel drive with Terrain Response and dynamic air suspension.

2023 Ranger Rover Sport. Photo: JaguarLand Rover.

Sporty handling, classy ride

It may sound implausible, but the 2023 Range Rover Sport combines the best of both worlds: sportier handling and luxurious ride comfort. It starts with Land Rover’s MLA-Flex architecture, which is 35% stiffer than before. It features air suspension with eHorizon technology (to scan the road and pre-tune each dual-valve active damper to respond accordingly) and Adaptive Dynamics technology (to monitor all external forces up to 500 times per second) to maintain constant ride stability.

Additionally, the First Edition model features Dynamic Response Pro, a handling package that includes switchable volume air springs. Additionally, the all-new Range Rover Sport features all-wheel steering, torque vectoring by braking and an active electronic differential to keep the sunny side up.

“Land Rover’s pioneering Flexible MLA Architecture and the latest chassis systems combine to deliver the highest levels of dynamism we have ever seen in Range Rover Sport,” said Nick Collins, Executive Program Director of vehicles, Jaguar Land Rover. “The result is the most engaging and thrilling Range Rover Sport ever.”

Luxurious details

It would be overdramatic to call the 2023 Range Rover Sport an “iron fist in a velvet glove”, but that describes the new Sport well. It has muscular proportions, short overhangs and clean lines combined with slimmer headlights and flush door handles, making the vehicle appear to be cut from a single mold of metal, rubber and of glass. It also features a slightly sloped, laser-welded roof that achieves a drag coefficient of 0.29.

“Our 2023 Range Rover Sport takes our modernist approach to vehicle design while amplifying its unmistakably sporty and confident character, said Professor Gerry McGovern OBE, Jaguar Land Rover Chief Creative Officer.

Other new features include bespoke front and rear bumpers, distinctive body-color lower claddings, updated alloy wheel designs and fancy burnished copper exterior trim. Inside, the Sport is a champion of fine materials like supple semi-aniline or Windsor leather, premium Ultrafabric durable textiles and Moonlight Chrome trim.

Interior layout of the 2023 Ranger Rover Sport.
2023 Ranger Rover Sport interior. Photo: JaguarLand Rover.

Electric Vehicle Architecture (EVA 2.0)

The bygone days of Lucas electronics have given vintage Rangeys the nickname “Prince of Darkness”, but the Range Rover’s EVA 2.0 puts the new Sport at the forefront of innovation.

It offers over-the-air (OTA) updates for up to 63 onboard electronic modules and the Pivi Pro infotainment system with a 13.1-inch curved touchscreen and 13.7-inch instrument display. The list of standard features includes wireless Apple CarPlay and Android Auto, Amazon Alexa connectivity, wireless charging and a premium Meridian sound system with up to 29 speakers (including four headrest speakers ), a subwoofer and a 1430 watt amplifier.

Standard Security Features

Safety-wise, the 2023 Range Rover Sport comes standard with lane-keep assist, cruise control, emergency braking, off-road adaptive cruise control and traffic sign recognition. Other safety features include front and rear parking sensors, 3D surround camera, wading detection and ClearSight Ground View system.

2023 Range Rover Sport: Price and Availability

Base prices start at around $84,350 for the Range Rover Sport SE, $91,350 for the SE Dynamic and $105,550 for the P440e Autobiography PHEV. The top-of-the-line First Edition with V8 power is $122,850. The 2023 Range Rover Sport is available to order now.

With new vehicles, like the 2023 Range Rover Sport, it’s easy for the starting MSRP to jump quickly as you progress through the different trim levels. Our free and easy research tools* will help you get the invoice price, a great starting point to negotiate the lowest price.

Alvin Reyes is a columnist on Automoblog and an expert in sports and performance cars. He studied civil aviation, aeronautics and accounting in his youth and is still very fond of his old Lancer GSR and Galant SS. He also likes fried chicken, music and herbal medicine.

Photos and source: Jaguar Land Rover.

*Although still free for you, Automoblog and its partners may receive a commission when you use the services provided through this link. MSRP figures are subject to change.

]]>
How much for gas? All over the world the pain is felt at the pump https://lanciadata.com/how-much-for-gas-all-over-the-world-the-pain-is-felt-at-the-pump/ Mon, 20 Jun 2022 06:14:40 +0000 https://lanciadata.com/how-much-for-gas-all-over-the-world-the-pain-is-felt-at-the-pump/ COLOGNE, Germany (AP) — At a gas station near the airport in Cologne, Germany, Bernd Mueller watches the numbers climb rapidly on the pump: 22 euros ($23), 23 euros, 24 euros. The numbers indicating the amount of gasoline it consumes also increase. But much more slowly. Painfully slowly. “I get rid of my car in […]]]>

COLOGNE, Germany (AP) — At a gas station near the airport in Cologne, Germany, Bernd Mueller watches the numbers climb rapidly on the pump: 22 euros ($23), 23 euros, 24 euros. The numbers indicating the amount of gasoline it consumes also increase. But much more slowly. Painfully slowly.

“I get rid of my car in October, November,” said Mueller, 80. “I’m retired, and then there’s the gas and all that. At some point, you have to downsize. »

Around the world, drivers like Mueller are rethinking their habits and personal finances in the face of soaring gas prices and diesel, fueled by Russia’s war in Ukraine and the global rebound from the COVID-19 pandemic. Energy prices are a key driver of inflation which is increasing in the world and making the cost of living more expensive.

A motorbike taxi driver in Vietnam turns off his ride-sharing app rather than burning precious fuel during rush hour. A French family revises its ambitions for a holiday in August. A Californian graphic designer factors the price of gas into the bill for a party. A mother in Rome, calculating the cost of driving her son to camp, mentally crosses out a pizza night.

The decisions made in the global economy are as varied as the consumers and countries themselves: walk more. Dust off that bike. Take the metro, train or bus. Use a lighter touch on the accelerator pedal to save fuel. Review this road trip – Is it worth it? Or maybe even go without a car.

For the millions of people who don’t have access to adequate public transport or can’t give up their car, the solution is to grit your teeth and pay while cutting costs elsewhere.

Nguyen Trong Tuyen, a motorbike taxi driver working for online ride service Grab in Hanoi, Vietnam, said he simply turned off the app during rush hour.

“If I’m stuck in a traffic jam, the ride fee won’t cover the cost of gas for the trip,” he said.

Many drivers have discontinued their services like Tuyen, making it difficult for customers to book rides.

In Manila, Ronald Sibeyee used to burn 900 pesos ($16.83) worth of diesel a day to run his jeepney, a brightly decorated vehicle popular for public transport in the Philippines that evolved from military jeeps Americans left after World War II. Now it’s up to 2,200 pesos ($41.40).

“That should have been our income by now. Now there is nothing, or anything left, he said. Its revenues have fallen by around 40% due to rising fuel prices.

Gasoline and diesel prices are a complex equation of the cost of crude oil, taxes, the purchasing power and wealth of individual countries, government subsidies where they exist, and the discount taken by intermediaries such as refineries. The price of oil is in dollars, so if a country is an energy importer, the exchange rate plays a role – the recently weaker euro has helped push up petrol prices in Europe.

And there are often geopolitical factors, like the war in Ukraine. Buyers shun Russian barrels and the West plans to ban oil from the country rattled energy markets already facing tight supplies due to the rapid rebound from the pandemic.

There is a world price for oil – about $110 a barrel – but no world price at the pump due to taxes and other factors. In Hong Kong and Norway, you can pay over $10 a gallon. In Germany it can cost around $7.50 per gallon and in France around $8. While lower fuel taxes mean the US average for a gallon of gasoline is a bit cheaper at $5, it’s still the first time the price is so high.

People in poorer countries quickly feel the stress of higher energy prices, but Europeans and Americans are also in a hurry. Americans have less access to public transport, and even European public transport networks do not reach everyone, especially those in the countryside.

Charles Dupont, manager of a clothing store in Essonne south of Paris, simply has to use his car to get to work.

“I practice eco-driving, that is to say driving more slowly and avoiding sudden braking,” he said.

Others do what they can to reduce their consumption. Letizia Cecinelli, refueling her car at a petrol station in Rome, said she was cycling and trying to reduce car journeys “as much as possible”.

“But if I have a child and I have to take him to camp? I have to do it by cutting an extra pizza,” she said.

Pump prices can be political dynamite. US President Joe Biden has pushed Saudi Arabia to pump more oil to help bring down gas prices, deciding to visit the kingdom next month after the Saudi Arabia-led OPEC+ alliance decided to increase production. The United States and other countries have also released oil from their strategic reserveswhich helps but is not decisive.

Several countries have fuel price caps, including Hungary, where the discount does not apply to foreign license plates. In Germany, the government reduced taxes by 35 euro cents per liter on petrol and 17 cents on diesel, but prices soon started to rise again.

Germany has also introduced a reduced monthly ticket of 9 euros for public transport, which resulted in crowded stations and trains on a recent holiday weekend. But the program only lasts three months and is of no use to rural dwellers if there is no train station nearby.

In fact, people are pumping as much gasoline as before the pandemic, according to the German Petrol Station Association.

“People are filling up as much as before – they’re grumbling but they’re accepting it,” band spokesman Herbert Rabl said.

Is there relief in sight? Much depends on how the war in Ukraine affects world oil markets. Analysts say it is almost certain that some Russian oil will be lost to markets as the European Union, Russia’s biggest and closest customer, has pledged to end most purchases from Moscow. within six months.

Meanwhile, India and China are buying more Russian oil. Europe will have to source its supplies elsewhere, like exporters in the Middle East. But OPEC+, which includes Russia, fell short of its production targets.

For many, spending on things like nights out and, in Europe, the quasi-religious devotion to extended late summer vacations, is on the cutting table.

Isabelle Bruno, a teacher in the Paris suburbs, now takes the bus to the station instead of the 10-minute journey.

“My husband and I are really worried about the holidays because we used to drive our car very often to visit our family in the south of France,” she said. “We will now pay attention to train tickets and only use our car for short trips.”

Leo Theus, a graphic designer from the town of Hayward, San Francisco, has to be ‘strategic’ about budgeting for gas when he goes to meet clients – he may not fill in the tank to the end. Gas prices in California are the highest in the United States, reaching nearly $7 per gallon in some parts of the state.

When it comes to going to a club or a bar after work, “you have to think about gas now, you have to decide, is it really worth going or not?” said Theus.

___

Corona reported from Rome, Le Deley from Paris and Dinh from Hanoi, Vietnam. AP reporters Joeal Calupitan in Manila, Philippines, and Terry Chea in Oakland, Calif., contributed.

]]>
How Sonoma County residents are coping with historically high prices https://lanciadata.com/how-sonoma-county-residents-are-coping-with-historically-high-prices/ Sat, 18 Jun 2022 14:41:11 +0000 https://lanciadata.com/how-sonoma-county-residents-are-coping-with-historically-high-prices/ “Wood isn’t the issue right now,” said Tom Snyder, whose company specializes in building custom homes in Sonoma County. “Everything else is.” The 4-inch PVC sewer pipe that cost Snyder $2.17 a foot in 2020 now costs over $6 a foot. A roll of copper wire used by electricians to wire a house that cost […]]]>

“Wood isn’t the issue right now,” said Tom Snyder, whose company specializes in building custom homes in Sonoma County. “Everything else is.”

The 4-inch PVC sewer pipe that cost Snyder $2.17 a foot in 2020 now costs over $6 a foot. A roll of copper wire used by electricians to wire a house that cost $70 in 2020 now costs $150.

Snyder’s labor costs are rising. “Guys just can’t afford food and fuel,” he said. On invoices submitted by subcontractors, he notices line items that he has never seen before.

In the past, he says, “if your tiler had to go to the showroom or warehouse and pick up all the tiles for a job, they wouldn’t charge you for fuel to pick up that material. They didn’t worry about it. It was part of the job. »

Now it is pasted on the invoice.

Along with scrambling to find workers, builders are also at the mercy of unstable and slow supply chains that can lead to “months and months of project delays, noted North CEO Lisa Wittke Schaffner. Coast Builders Exchange. She knows what she’s talking about. Around the time she took office last January, she launched a renovation of her home in Healdsburg that was expected to take two months. It took seven.

Exorbitant fuel, driver shortagee

To help offset spiraling gas and diesel costs, Petaluma-based Pure Luxury Travel will soon be applying a 6% surcharge for guests.

The price of fuel to run the company’s 90-vehicle fleet is “killing us,” co-owner Jennifer Buffo said. And the rising cost of oil has driven up the price of all petroleum-based products, including brakes, engines, and tires. “In our industry, everything costs more when the gas goes up,” lamented co-owner Gary Buffo.

Another obstacle to their activity is the shortage of drivers. Since the pandemic loosened its grip on the region, the demand for Pure Luxury’s services has increased. “If we had the employees, I could run 50 more vehicles a day,” said Jennifer, who was careful to point out that the next fuel surcharge will be temporary.

“When it approaches $4 a gallon, we’re going to take it out.”

When could that be?

“Most economists currently believe that current inflation will persist for a little while,” said Eyler of Sonoma state. “It will probably be with us, at relatively high levels, until early 2023.”

Egg prices up 240%

From the wildfires of 2017 to the floods the following year to other fires and a pandemic, followed by inflation, “all of our disasters overlap,” said David Goodman, CEO of the Redwood Empire Food Bank , which plans to distribute $60 million of groceries to the needy this year.

As North Bay slowly emerged from the grip of COVID-19, demand for food bank services began to decline, Goodman said. “But when all this inflation started, it went right back up.”

Inflation has dramatically increased the need for nonprofit services — now at 169% of pre-pandemic times, Goodman said — even as it made those services much more expensive.

Although a grape capital, Sonoma County is not a big food producer. So this food has to be transported by truck. “Every time we bring in food, there’s a fuel surcharge, a labor surcharge for driving the truck,” Goodman said. “Everything goes up.”

In 2021, the food bank paid 83 cents for a dozen eggs. That same dozen eggs now costs $2.82, a 240% increase. A box of cereal increased by 22%. A pound of chicken is up over 100%. Commodities went up a nickel a pound, from 15 cents to 20, which doesn’t sound very dramatic, until you consider that the food bank will buy 9.6 million pounds of produce this year, which means she has to shell out an extra half a million dollars for fruits and vegetables.

Overall, the nonprofit will see its food costs increase by 49% this year.

Another difference from pre-pandemic times, Goodman said: “We’re now helping a lot of people who aren’t poor,” or at least don’t describe themselves as such — people with good jobs and two cars that didn’t’ earn enough to put much into their savings. When a reversal of fortune occurs, “there is no elasticity in their bank account”.

cheap SOB

Cyndi Shanklin lost her husband a year and a half ago. “So I’m on a fixed income now,” she explained as she walked out of the Grocery Outlet in Santa Rosa. “It was really difficult. I’m just feeding myself, but I’m blown away by what it’s costing me.

Behind her, a courteous cashier offers to put a bag in the trolley of an elderly customer.

“Nothing is too heavy for me,” the 86-year-old said as she grabbed the bag herself. “I just retired a year and a half ago.”

“You have no idea,” the woman replied, when asked if she was feeling the pinch of inflation. (She also informed a reporter that she does not give her name to strangers.)

While she once spent $25 for a week’s worth of groceries for herself, she had just written a check for $40. “For a shopping spree!”

Outside the store, Tim Reed was loading groceries into the pannier of his 3-wheel electric bike. Yes, inflation was outpacing his pension and Social Security, the 68-year-old admitted. Yes, he had canceled “a few trips to Europe” in recent years – a concession to both the economy and the coronavirus.

But Reed, a former computer technician, doesn’t bother. “I’ve always been very good at living on next to nothing. I get a month’s worth of money, I spend it in 27 days and for 4 days I spend nothing,” he said.

“I’m basically a cheap son of a bitch,” Reed added. When times are tough, “all I have to do is turn it on”.

You can contact editor Austin Murphy at austin.murphy@pressdemocrat.com or on Twitter @ausmurph88.

]]>
How to save fuel as gas prices and temperatures hit record highs https://lanciadata.com/how-to-save-fuel-as-gas-prices-and-temperatures-hit-record-highs/ Thu, 16 Jun 2022 14:40:33 +0000 https://lanciadata.com/how-to-save-fuel-as-gas-prices-and-temperatures-hit-record-highs/ Drivers can save fuel if they use less air conditioning, experts say. Getty Images | Royalty-free Getty Images/iStockphoto Hot temperatures are scorching much of the United States, breaking records before the official start of summer. And while you might want to seek relief in the air conditioning, blowing it up in your car can consume […]]]>

Drivers can save fuel if they use less air conditioning, experts say.

Drivers can save fuel if they use less air conditioning, experts say.

Getty Images/iStockphoto

Hot temperatures are scorching much of the United States, breaking records before the official start of summer.

And while you might want to seek relief in the air conditioning, blowing it up in your car can consume gas just as much. prices at the pump are soaring.

“If you are try to save mileageyou give up comfort a bit,” Steve Reinarts, automotive instructor at Dunwoody College of Technology in Minneapolis, told KARE.

Here’s what the experts say about conserving fuel while taking a break the heat.

How could air conditioning impact fills?

Use of air conditioning can impact your car’s fuel economy, which refers to how far you can go before you need to refuel, according to the US Department of Energy.

“Running your car’s air conditioning is the biggest contributor to reduced fuel economy in hot weather,” the department said on its website. “Its effect depends on a number of factors, such as the outside temperature, the humidity and the intensity of the sun. In very hot conditions, using AC power can reduce the fuel economy of a conventional vehicle by more than 25%, especially on short trips.

Although the topic has been debated, experts say driving with the windows open also has the potential to reduce fuel economy.

“Rolling down your windows instead of using AC causes aerodynamic drag,” AAA told McClatchy News in a June 15 email. “In many cases, this increase in drag at highway speeds negates any savings in engine load from not using AC.”

How can you save gas?

Turning down the air conditioning can help save gas, but it might not be the best option when you’re hitting the road on a hot day. This week, heat alerts and record high temperatures spread across the United States.

Experts urge drivers looking for cost cuts to recognize when it makes the most sense to open windows to relieve themselves.

“At low speed in town, lower the windows is the most efficient choice,” the Department of Energy wrote in a 2015 online article. “However, because having the windows down increases wind resistance, it is not very efficient at highway speed. When driving on the highway, it is best to turn on the air conditioning at a comfortable temperature, but not cold.

here are some more expert advice:

  • Park your car in the shade or use a windshield to block the sun
  • Drive with the windows down to let hot air escape before turning on the air conditioning
  • Reduce the time you spend idling with the air conditioning on
  • Consider buying a lighter colored car or one with tinted windows

While these fuel-saving suggestions focus on how to stay cool when temperatures soar, it’s possible to take steps toward efficiency all year round. Some tips include staying up to date on vehicle maintenance, using cruise control and mapping routes to avoid traffic, McClatchy News reported.

Drivers may be looking to save fuel as they face higher prices at the pump following Russia’s invasion of Ukraine.

As of June 16, the national average for a gallon of regular gasoline was $5,009, just below the all-time high of $5,016 reported two days earlier. Prices were up nearly $2 a gallon from the same time last year, according to AAA.

Simone Jasper is a reporter who covers breaking news for The News & Observer and real-time news in the Carolinas.

]]>
Car loans are getting harder to get https://lanciadata.com/car-loans-are-getting-harder-to-get/ Tue, 14 Jun 2022 15:44:03 +0000 https://lanciadata.com/car-loans-are-getting-harder-to-get/ It got harder to qualify for a car loan in May, although it’s still historically easy. The Dealertrack Credit Availability Index tracks auto loan application data to indicate whether access to auto credit is improving or deteriorating. It fell 0.8% in May, showing that loans got a little harder to come by during the month, […]]]>
It got harder to qualify for a car loan in May, although it’s still historically easy.

The Dealertrack Credit Availability Index tracks auto loan application data to indicate whether access to auto credit is improving or deteriorating. It fell 0.8% in May, showing that loans got a little harder to come by during the month, but fell from an all-time high. Auto credit was easier to come by in April than at any time since the index started tracking in 2015.

The index is a product of Kelley Blue Book’s parent company, Cox Automotive.

The change is not a surprise. The Board of Governors of the US Federal Reserve (commonly referred to as “the Fed”) raised interest rates in May specifically to curb big-ticket purchases like homes and cars. Economists consider this to be the Fed’s most effective tool in trying to control inflation.

But the Fed’s decision could have a limited effect on the auto market. The main factor behind high car prices has been a limited supply of new cars due to the continued shortage of microchips, which is largely beyond the control of banks.

Lending standards for new auto loans tightened more than for used auto loans in May.

Since the onset of the COVID-19 pandemic in late 2019, the terms of the average new car loan have changed significantly. Approval rates have increased slightly, lead times have lengthened, and the average deposit has decreased. All of these factors have made credit more accessible. But negative equity has increased, meaning more borrowers owe more than their car is worth.

Americans seem to be tightening their belts as inflation spreads. According to the Conference Board, consumer confidence fell 2.0% in May. The number of Americans considering buying a new car has fallen, although it remains higher than a year ago.

]]>
Live updates on finances and payments in the United States: child tax credit, inflation, interest rates, CPI report, SS disability… https://lanciadata.com/live-updates-on-finances-and-payments-in-the-united-states-child-tax-credit-inflation-interest-rates-cpi-report-ss-disability/ Sun, 12 Jun 2022 23:35:17 +0000 https://lanciadata.com/live-updates-on-finances-and-payments-in-the-united-states-child-tax-credit-inflation-interest-rates-cpi-report-ss-disability/ A Fed soft landing for jobs means something else has to crack; so far this is not the case The healthy finances of US banks, businesses and households, heralded during the pandemic by Federal Reserve officials as a source of resilience, may pose an obstacle to fighting inflation as central bankers raise interest rates in […]]]>

A Fed soft landing for jobs means something else has to crack; so far this is not the case

The healthy finances of US banks, businesses and households, heralded during the pandemic by Federal Reserve officials as a source of resilience, may pose an obstacle to fighting inflation as central bankers raise interest rates in an economy so far able to pay the price.

In describing their aggressive shift to tighter monetary policy, Fed officials say they hope to suppress the economy without destroying jobs, with rising interest rates slowing things down enough for companies to reduce the current high number of job vacancies while avoiding layoffs or a drop in income Household.

But that means the pain of controlling inflation should fall primarily on owners of capital via a slowing housing market, higher corporate bond rates, weaker securities and a rising dollar to make cheaper imports and encourage domestic producers to keep prices low.

Economists, including current and former Fed officials, note that unlike previous cycles of Fed rate hikes, there is no obvious weakness to exploit or asset bubble to burst to make quick work of. lower inflation – nothing like the heavily overvalued real estate markets of 2007 or the overvalued Internet stocks of the late 1990s to give the Fed more impact on its expected rate hikes.

The adjustment to Fed policy tightening has been rapid by some measures. But it spread moderately across a range of markets, none catastrophically, with little impact yet on inflation or consumer spending.

]]>
Travel costs and shortage of supplies force cancellation of stock car race at Clearfield https://lanciadata.com/travel-costs-and-shortage-of-supplies-force-cancellation-of-stock-car-race-at-clearfield/ Sat, 11 Jun 2022 03:46:27 +0000 https://lanciadata.com/travel-costs-and-shortage-of-supplies-force-cancellation-of-stock-car-race-at-clearfield/ CLEARFIELD COUNTY, Pa. (WTAJ) – As ever-escalating fuel prices and supply chain issues continue to affect everyday Americans across the United States, these economic issues are now beginning to affect the world of motorsport. The ripple effect has recently been felt in UMI motor sports park in Clearfield when they canceled an upcoming race at […]]]>

CLEARFIELD COUNTY, Pa. (WTAJ) – As ever-escalating fuel prices and supply chain issues continue to affect everyday Americans across the United States, these economic issues are now beginning to affect the world of motorsport.

The ripple effect has recently been felt in UMI motor sports park in Clearfield when they canceled an upcoming race at their track citing high costs and ongoing tire supply chain issues as the cause. The Super Cup stock car series was scheduled to race on the asphalt oval track on Saturday June 18 in an event called the “Keystone Twins” which was to feature two 50-lap races.

The decision to cancel the event was reportedly accepted by the track and series and anyone who purchased tickets or parking for the event was offered a refund, according to UMI Motorsports Park. The track and series plan to revisit racing in 2023.

UMI Motorsports Park spokesman Ramey Womer said many riders in the series are not traveling due to financial constraints related to fuel and other expenses. Womer added that the current cost of race fuel is $12 per gallon with no markup.

“We have a great relationship with the Super Cup Stock Car Series and hope to welcome them when the economy, supply chain and state of racing in the union are better, said Womer.

Super Cup Stock Car Series public relations coordinator Aaron Creed elaborated on the issues the series was facing with the race weekend and said many factors led to the mutual decision to cancel it. He said some teams have been forced to think twice about their decision to race while others choose to stay home. Creed explained that many of the series’ teams travel from out of state and use diesel-powered vehicles to tow their trailers and race cars.

Teams have also faced various parts shortages and struggled to repair their race cars due to track damage and/or mechanical failures that were caused at the start of the 2022 season. Creed says the shortage also caused a few teams to miss a few past events in the series.

“When I spoke with our series director, Joe Schmaling, he mentioned an interesting point. We’ve billed ourselves as ‘Racin’ The Way It Used To Be’ since the series premiered in late 2007, in part because of its relatively affordable price as well as its family atmosphere. There are things that are sort of unprecedented that currently don’t fit into that category,” Creed said. of a part, or occasionally a major failure, a team could call a supplier and get a spare part or what they needed within days or sometimes even overnight. It’s not what most go through if they have to make repairs to get back on track.

In addition to parts shortages, tire supply has also been a challenge for the series. The Super Cup Stock Car Series tire supplier is American Racer, a company based in Indiana, Pennsylvania. Creed said the series made adjustments throughout the season to deal with the shortage and even limited the use of new tires per event. However, Creed added that the tire supplier has been accommodating and informative since supply chain issues became a concern last year.

“We had to make some adjustments along the way, but we greatly appreciate them for their continued communications with us in which we are fully aware of the challenges all tire suppliers are currently facing,” Creed said.

Receive daily updates on local news, weather and sports by subscribing to the WTAJ Bulletin.

Creed expects tire rationing to continue, but says American Racer has informed them that the next batch of new race tires will be available before the series’ next race at Jennerstown Speedway Complex in July. The series hopes the weather before the July event will allow teams to regroup and prepare.

The Super Cup Stock Car series last raced at UMI Motorsports Park in 2021, which would have been the first oval race at the venue since 2015, when it was then known as CNB Bank Raceway Park.

]]>
Is riding a horse cheaper than driving a car? https://lanciadata.com/is-riding-a-horse-cheaper-than-driving-a-car/ Thu, 09 Jun 2022 14:05:51 +0000 https://lanciadata.com/is-riding-a-horse-cheaper-than-driving-a-car/ by: Devan Markham, Nick Smith Job : June 9, 2022 / 10:05 a.m. EDT Updated: June 9, 2022 / 11:16 a.m. EDT (NewsNation) — As the average price of a gallon of regular gasoline approaches $5 for the United States and $4.80 for Virginia, some Americans are considering other modes of transportation to reduce costs. […]]]>

by: Devan Markham, Nick Smith

Job :

Updated:

(NewsNation) — As the average price of a gallon of regular gasoline approaches $5 for the United States and $4.80 for Virginia, some Americans are considering other modes of transportation to reduce costs. In a bizarre twist, some are even thinking of swapping their car for a horse instead.

Taking this wacky theory into account, we’ve broken down the average annual cost of a car versus the average annual cost of a horse.

On average, with a car, drivers spend about $5,000 a year on gasoline. The average annual cost of insurance is around $1,000.

Now, for a horse, a rider is going to spend around $3,000 on his own to buy the horse. Then it’s going to cost over $4,000 to skim that horse. It will cost you $700 to learn how to ride a horse, because you don’t just jump on this thing and take off. And finally, on average, it will cost over $1,800 to feed the horse.

So, on average, we’re talking about over $7,000, or thereabouts, for a car over a year. And for a horse, it will cost more than $10,000 a year. Also, the horse does not come with windshield wipers.

If you are seriously considering alternative transportation to cut car costs, bicycles and public transportation are affordable options.

]]>
Most New Yorkers would switch to public transit under charges similar to congestion pricing to get to Manhattan: poll https://lanciadata.com/most-new-yorkers-would-switch-to-public-transit-under-charges-similar-to-congestion-pricing-to-get-to-manhattan-poll/ Tue, 07 Jun 2022 21:45:20 +0000 https://lanciadata.com/most-new-yorkers-would-switch-to-public-transit-under-charges-similar-to-congestion-pricing-to-get-to-manhattan-poll/ According to a new poll, nearly half of New Yorkers would drive less in Manhattan and nearly two-thirds would opt for public transit if authorities introduced a new fee for driving to the borough. Some 42% of New Yorkers said they would drive less and 64% would switch to subways and buses if the government […]]]>

According to a new poll, nearly half of New Yorkers would drive less in Manhattan and nearly two-thirds would opt for public transit if authorities introduced a new fee for driving to the borough.

Some 42% of New Yorkers said they would drive less and 64% would switch to subways and buses if the government started imposing tolls on motorists, respondents said in a joint survey by NY1/Siena College Poll released on Tuesday.

The MTA plans to institute just such a toll to get to Manhattan’s business district below 61st Street through its Central Business District toll program — also known as congestion pricing — and a public transport advocate said poll data shows the scheme would have the desired effect of getting people out of polluting cars and using public transport.

“That’s the goal,” said Lisa Daglian, executive director of the MTA’s Permanent Citizens’ Advisory Council, an internal group of cyclist representatives.

“Congestion pricing has two purposes: to reduce driving and increase public transit funding, and if that’s the result of congestion pricing, and if those numbers reflect the actual results, then congestion pricing congestion will do its job,” Daglian added.

“When this starts to hit people in their pocketbooks, we’ll probably see those numbers go up,” she said.

The Metropolitan Transportation Authority plans to generate about $1 billion in new annual revenue from tolling and borrow $15 billion of that revenue stream to fund its five-year capital plan.

The agency plans to launch the toll next year, but has gone through a period long list of technical questions from the federal governmentwhich has delayed progress.

The majority of New Yorkers, 52%, do not own a car, and more funding for public transit would be a boon for blue-collar workers, as high earners were more likely to own a vehicle than their means and low-income counterparts.

Two-thirds of people (66%) earning more than $100,000 a year said they have a car, compared to 52% of those earning between $50,000 and $100,000 and only 26% of New Yorkers earning less than $50. $000.

The new data is based on a survey conducted between May 22 and June 1 and pollsters contacted 1,000 New York residents.

The responses reveal more information about people returning to public transit and in-person work.

The majority of respondents, 51%, said they had not taken the metro at all in the past week, while 19% took the train between one and three times and 28% took it more than three times. time.

According recent counts by the MTAweekday subway ridership generally remained below 60% of pre-pandemic levels, with days in the middle of the work week generally seeing higher returns than Monday and Friday.

Meanwhile, car traffic on MTA bridges and tunnels has returned to 2019 levels, and sometimes even above.

When asked how many days New Yorkers would like to work from home out of five days, nearly a third (32%) said every day, while 19% said three days and 16% said two. , according to the survey.

Although New Yorkers like to complain about the poor health of public transit in the Big Apple, 69% of respondents say they are either very satisfied or somewhat satisfied with the quality of public transit.

Adding metal detectors to subway entrances was well polled with 63% supporting, compared to 34% against, and 85% wanted more NYPD cops on trains while 14% opposed such a move.

]]>