Video: Hot Wheels builds world’s highest wall track

Filed under: Etc., Videos, Toys/Games

world's highest hot wheels wall track

Any self-proclaimed Hot Wheels fanatic has surely built some sort of wall track in their house, but, like the ones from our childhoods, we’re guessing it never involved repelling down the side of a seven-story building. Back in May, Hot Wheels built an epic wall track on the side of an apartment building, and now the toy maker has released a video of the track, which it claims is the world’s highest.

Constructed for the BCN Fan Fest during the Spanish Grand Prix in Barcelona, the repeating sections of track were assembled on the ground and then raised into place where they were connected to each other. Oddly, no official height was given for the track, but you can scroll down to watch a video of it being built and, of course, used. The video is in Spanish, but the thrill of rolling tiny cars down a huge track is universal.

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Hot Wheels builds world’s highest wall track originally appeared on Autoblog on Fri, 30 Aug 2013 12:27:00 EST. Please see our terms for use of feeds.

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Report: Used car prices highest in 16 years, but might not stay that way

Filed under: Car Buying, Earnings/Financials

Car buyers

If you’re looking to purchase a used car or truck, you may have noticed that the prices have been a bit higher than you may have expected. Maybe the salesman in the used car lot isn’t willing to dicker as much as you may have expected. According to USA Today, the reason for this phenomenon is that pre-owned vehicle prices are at a 16-year high.

The national paper claims that the average transaction price for a used vehicle is $11,660; up 30 percent since 2008. If that total still seems palatable, consider that four-year-old Honda Accord sedans are selling for $16,175, or about $373 per month with the typical four-year loan and five percent interest. While it’s not the same as buying, USA Today notes that a brand-new Accord can lease for about $250 plus taxes, title and plates.

And while we’re on the subject of leasing, the U.S. recession and the sharp decrease in leasing has helped cut down on the used vehicles available, further depleting stock while demand remains strong. The price hikes are also being felt at the auction houses, where prices have soared to levels not seen in over a decade. Owners are keeping their vehicles longer as well, as the typical vehicle is now 10.6 year old, up from 9.8 years in 2007.

But while the used vehicle market is strong, many feel that the trend can’t last forever. Car buyers are leasing more now. 21 percent of all vehicles moved off of new car lots are being leased – up from 11 percent in 2009. That means more vehicles will become available once those leases run their course. Credit has loosened a bit as well, so potential new car buyers with less-than-perfect credit are now more likely to find themselves in a new vehicle.

Used car prices highest in 16 years, but might not stay that way originally appeared on Autoblog on Fri, 27 May 2011 11:31:00 EST. Please see our terms for use of feeds.

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Ford Model T convoy to revisit Britain’s highest mountain

Filed under: Classics, Ford, UK

Ford Model T convoy

Having a Ford Model T ascend a mountain might sound like a crazy idea, but in 1911 it was a marketing coup. Ford had just arrived in Britain and to prove its worth, a corporate sales agent named Henry Alexander drove a Model T to the top of Ben Nevis in Scotland – Britain’s highest mountain. The 4,406-foot ascent took five days, and he Alexander was greeted at the peak by the motor press pool of the day. Then he drove back down in just three hours.

A hundred years later, Ford of Britain is celebrating its centenary and will commemorate the Ben Nevis ascent with a convoy of over 60 Model Ts driving back to the mountain. Among them the very last unit to roll off the revolutionary assembly line. Unfortunately, environmental conservation prohibits driving up the mountain these days, but a group of volunteers will disassemble a replica Model T, carry it up the mountain and put it back together at its peak in celebration of the original feat. Now that’s dedication. Follow the jump for the full press release.

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Ford Model T convoy to revisit Britain’s highest mountain originally appeared on Autoblog on Sat, 14 May 2011 14:03:00 EST. Please see our terms for use of feeds.

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Report: Auto leasing surges to highest level since 2005

Filed under: Car Buying, Etc., Marketing/Advertising

car shopper reading window sticker

Leasing is back in a big way, says The Detroit News. After virtually disappearing, lease packages with monthly payments below $199 and no money down are popping up everywhere lately, and those deals are finding consumers. Take it as a sign of economic improvement, but the reemergence could come back to bite automakers in a few years, too. With leases accounting for more than twenty percent of new car sales in February and March, a whole bunch of returned vehicles could flood the used market in just a few years, cratering the resale values that make automakers and lenders so enthusiastic to offer good lease terms right now.

If irrational exuberance takes hold again and artificially low, unsustainable lease rates are used to pump up sales figures, it’s hard to see how we’re not in for an eventual crash. Attractive lease deals on brand-new models like the Chevrolet Cruze are cause for concern to some analysts. Leasing is more often used to move luxury vehicles and aging models, so coming out of the gate with a sharp lease deal smacks of a grab at market share. General Motors counters that it has merely brought leasing back to 15-20 percent of sales, a healthy level, and it’s being careful.

Dealers are happy to see the increased showroom traffic the new surge in leasing has brought. Many stores saw sales implode as the recession was busy taking everyone off a cliff. Being able to offer a popular car with an affordable payment again is an effective sheepdog to direct people into dealerships, and besides, the used car market has been depleted for months thanks to measures like Cash For Clunkers and people holding on to their cars longer, keeping them out of circulation.

[Source: The Detroit News]

Report: Auto leasing surges to highest level since 2005 originally appeared on Autoblog on Thu, 07 Apr 2011 17:41:00 EST. Please see our terms for use of feeds.

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Who pays the highest auto loan interest rates in the country?

Filed under: Car Buying, Etc., Earnings/Financials

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It’s that time of the year again, kids. Manufacturers are busy trying to put people in cars in order to move leftover stock and make room for incoming models, and many are doing so with ridiculously low financing rates. But who’s the fairest of them all? As it turns out, that depends entirely on where you live. The crew over at Kicking Tires has compiled average loan interest rates from across the country and organized the data into the incredibly handy map you see above.

As it turns out, car buyers in places like Los Angeles and Las Vegas are getting the short end of the financial stick when it comes to their loans, with buyers dealing with 9.55 percent and 9.58 percent APR, respectively. Meanwhile, those in places like Oklahoma City are shouldering a much more reasonable 3.65 percent APR.

The Kicking Tires study is based on a $22,000 loan for 60 months, with 10 percent down. It also assumes a borrower with a credit score of 700 or better.

[Source: Kicking Tires]

Who pays the highest auto loan interest rates in the country? originally appeared on Autoblog on Fri, 03 Sep 2010 09:58:00 EST. Please see our terms for use of feeds.

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