Colin McRae began his competitive career in motorsport riding trial bikes at an early age, despite being more interested in four wheeled machines rather than two wheel bikes. At the age of sixteen, through the Coltness Car Club, McRae discovered autotesting, he soon traded his bike for a Mini Cooper and started competing. A year later, he began to negotiate with another club member to use his Hillman Avenger for the Kames Stages, a single-staged rally venue not far from McRae's home. McRae finished the event fourteenth; first in his class although he had run most of the event in a higher position.
Rallying was again slow to get under way after a major war, but the 1950s were the Golden Age of the long-distance road rally. In Europe, the Monte Carlo Rally, the French and Austrian Alpines, and the Liège were joined by a host of new events that quickly established themselves as classics: the Lisbon Rally (Portugal, 1947), the Tulip Rally (the Netherlands, 1949), the Rally to the Midnight Sun (Sweden, 1951, now the Swedish Rally), the Rally of the 1000 Lakes (Finland, 1951 – now the Rally Finland), and the Acropolis Rally (Greece, 1956). The RAC Rally gained International status on its return in 1951, but for 10 years its emphasis on map-reading navigation and short manoevrability tests made it unpopular with foreign crews. The FIA created in 1953 a European Rally Championship (at first called the "Touring Championship") of eleven events; it was first won by Helmut Polensky of Germany. This was the premier international championship until 1973, when the FIA created the World Rally Championship for Manufacturers, won that first year by Alpine-Renault. Not until 1979 was there a World Rally Championship for Drivers, won that year by Björn Waldegård.
Pacenotes are a unique and major tool in modern rallying. Television spectators will occasionally notice the voice of a co-driver in mid-race reading the pacenotes over the car's internal intercom. These pacenotes provide a detailed description of the course and allow the driver to predict conditions ahead and prepare for various course conditions such as turns and jumps.
Most of the works drivers of the 1950s were amateurs, paid little or nothing, reimbursed their expenses and given bonuses for winning (although there were certainly exceptions, such as the Grand Prix drivers who were brought in for some events). Then in 1960 came arguably the first rallying superstar (and one of the first to be paid to rally full-time), Sweden's Erik Carlsson, driving for Saab.
McRae's outstanding performance with the Subaru World Rally Team enabled the team to win the World Rally Championship Constructors' title three times in succession in 1995, 1996 and 1997. After a four-year spell with the Ford Motor Co. team, which saw McRae win nine events, he moved to Citroën World Rally Team in 2003 where, despite not winning an event, he helped them win the first of their three consecutive manufacturers' titles. He was appointed a Member of the Order of the British Empire for services to motorsport in 1996.
The causes and characteristics of rallies vary, but most financial theorists agree that economic cycles and investor sentiment both play a role in the creation and momentum of rallies. In general, information about a strong or strengthening economy, indicated by high employment, high disposable income, low inflation and high business profits usually ushers in a rally. The existence of several new trading highs for well-known companies also indicates a rally is occurring. It is important to note that government involvement affects rallies: Changing the federal funds rate or tax rates indirectly encourages economic expansion or contraction.