A rally is caused by a significant increase in demand resulting from a large influx of investment capital into the market. This leads to the bidding up of prices. The length or magnitude of a rally depends on the depth of buyers along with the amount of selling pressure they face. For example, if there is a large pool of buyers but few investors willing to sell, there is likely to be a large rally. If, however, the same large pool of buyers is matched by a similar amount of sellers, the rally is likely to be short and the price movement minimal.
Rallying is also unique in its choice of where and when to race. Rallies take place on all surfaces and in all conditions: asphalt (tarmac), gravel, or snow and ice, sometimes more than one in a single rally, depending on the course and event. Rallies are also run every month of the year, in every climate from bitter cold to monsoonal rain. As a result of the drivers not knowing exactly what lies ahead, the lower traction available on dirt roads, and the driving characteristics of small cars, the drivers are much less visibly smooth than circuit racers, regularly sending the car literally flying over bumps, and sliding the cars out of corners.
The RAC Rally had formally become an International event in 1951, but Britain's laws precluded the closure of public highways for special stages. This meant it had to rely on short manoeuvrability tests, regularity sections and night map-reading navigation to find a winner, which made it unattractive to foreign crews. In 1961, Jack Kemsley was able to persuade the Forestry Commission to open their many hundreds of miles of well surfaced and sinuous gravel roads, and the event was transformed into one of the most demanding and popular in the calendar, by 1983 having over 600 miles (970 km) of stage. It is now called Rally GB.
Rally is a form of motorsport that takes place on public or private roads with modified production or specially built road-legal cars. It is distinguished by running not on a circuit, but instead in a point-to-point format in which participants and their co-drivers drive between set control points (special stages), leaving at regular intervals from one or more start points. Rallies may be won by pure speed within the stages or alternatively by driving to a predetermined ideal journey time within the stages.
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.
Many early rallies were called trials, and a few still are, although this term is now mainly applied to the specialist form of motor sport of climbing as far as you can up steep and slippery hills. And many meets or assemblies of car enthusiasts and their vehicles are still called rallies, even if they involve merely the task of getting there (often on a trailer).
In November 2008, Codemasters unveiled a sequel to the successful Colin McRae: Dirt; it was released in September 2009. The game is available on PlayStation 3, PlayStation Portable, Wii, Xbox 360 Nintendo DS, and Microsoft Windows. The game is built upon an improved version of the EGO game engine that powered the previous game, as well as a comprehensive online mode. The game was a dedication to Colin McRae featuring videos and a special tournament in his honor.
His first WRC event was the 1987 Swedish Rally behind the wheel of his Nova, and again two years later, driving the Sierra and finishing 15th overall. Later that year, he finished 5th overall at Rally New Zealand in a rear wheel drive Sierra Cosworth. By 1990 McRae was driving a Sierra Cosworth 4x4 and achieved sixth place in that year's RAC Rally, despite several accidents. 1991 saw McRae turn professional as he was signed by Prodrive boss David Richards to his Subaru team in the British Rally Championship for an annual wage of approximately £10,000. McRae was British Rally Champion in both 1991 and 1992, soon graduating to the Subaru factory team at World Rally Championship level. 1992 also saw Colin McRae make his début in the British Touring Car Championship, with a one-off appearance for the Prodrive-run BMW factory team at the Knockhill round. In the second of the two races of the event, McRae collided with Matt Neal. Race officials found McRae to have caused an avoidable collision and subsequently disqualified him.
The 959 was one of the most technically advanced road cars of its time, variable torque-split all-wheel drive, tire-pressure monitoring, and a twin-turbo flat-six making over 400 horsepower. Porsche decided to show off the car's capabilities not by taking it racing, but by taking it rallying at the Paris-Dakar. This Rothmans-liveried legend is what resulted.
The term “rally” is used loosely when referring to upward swings in markets. The duration of a rally is what varies from one extreme to another, and is relative depending on the time frame used when analyzing markets. A rally to a day trader may be the first 30 minutes of the trading day in which price swings continue to reach new highs, whereas a portfolio manager for a large retirement fund looking at a much larger picture may perceive the last calendar quarter as a rally, even if the previous year was a bear market.
Rallying became very popular in Sweden and Finland in the 1950s, thanks in part to the invention there of the specialsträcka (Swedish) or erikoiskoe (Finnish), or special stage: shorter sections of route, usually on minor or private roads—predominantly gravel in these countries—away from habitation and traffic, which were separately timed. These at long last provided the solution to the conflict inherent in the notion of driving as fast as possible on ordinary roads. The idea spread to other countries, albeit more slowly to the most demanding events.
The First World War brought a lull to rallying. The Monte Carlo Rally was not resuscitated until 1924, but since then, apart from World War II and its aftermath, it has been an annual event and remains a regular round of the World Rally Championship. In the 1930s, helped by the tough winters, it became the premier European rally, attracting 300 or more participants.
Starting in 2011, rules for WRC cars changed to be more restrictive. Now regulations were derived from Super 2000 cars with a different aerodynamic kit. The cars were smaller models (there was no longer a minimum 4m length), with a 1600 cm3 direct injection turbo-charged engine with a 33 mm diameter air restrictor and a maximum pressure of 2.5 bar absolute (this will limit torque to about 400 N.m or less).
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First- and second-generation Ford Escorts are some of the most popular vintage rally cars in Europe. They're eligible for import via the 25-year rule, which means people are starting to rally them on this side of the pond too. If you're looking for a good time on dirt, the Escort is the car for you. Here's an unrestored Mk1 model up for bidding now.
For 2003, McRae signed for Citroën, a team of winning pedigree due to its successes of the previous year with young Frenchman Sébastien Loeb but otherwise undertaking its first complete campaign at World Rally Championship level. McRae's second-place finish on his début in Monte Carlo alongside Loeb and Carlos Sainz whom, aboard the Xsara WRC, helped complete a 1–2–3 finish, transpired to be the finest result he would achieve for the team, for the season was to end with seventh in the drivers' championship, with no victories. Rule changes that were to be brought in for the 2004 season changed the previous practice of having three nominated points-scorers within a team to two. With Loeb partway through a multiple year contract, this meant the Citroën factory team, under Guy Frequelin's leadership, were forced to choose between dropping McRae or Sainz. With Sainz being the more successful of the two during the 2003 season, it was McRae who had to look elsewhere for 2004. David Richards, McRae's former boss at Subaru, who had by now taken over WRC's commercial rights holders ISC and worried that the loss of a character like McRae would damage his ability to market the sport, set about trying to help McRae find a drive for 2004. McRae was unable to find a team, and for the first time in over ten years he would not be competing in the World Rally Championship.
Colin McRae chose the 2006 Goodwood Festival of Speed to unveil the McRae R4, which had been conceived at the beginning of 2005. The intention was to make a cheaper alternative to WRCs (World Rally Cars) with significantly lower running costs. The McRae R4 was designed for use in rallying, rally cross, circuit racing and ice racing events, with the possibility of a one-make race series.
The funeral for Colin and Johnny took place on 26 September at Daldowie Crematorium near Glasgow, conducted by the Rev Tom Houston, who had married the McRaes, and the Rev Steven Reid, chaplain at Johnny's school. An address was given by Robbie Head, a former rally driver and commentator who was a close friend of McRae's, with the Rev Houston giving the benediction. McRae's niece and nephews performed the tune Highland Cathedral, a popular funeral song. The song "(Sittin' on) the Dock of the Bay" by Otis Redding, a favourite song of McRae's, was played when the family entered the chapel (coincidentally, Redding himself also died in an air crash). The Proclaimers' song "I'm on My Way" was played when they left. Colin and Johnny McRae were cremated in the same coffin. Among the attendees at the funeral were fellow Scottish racing drivers Jackie Stewart and Dario Franchitti.
However, if you are heading for a spin around your favourite backcountry twister, then there are few cars better suited. Independent suspension all-round, a turbocharged 230hp 2.0-litre engine and all-wheel drive, mixed with the early signs of Ford’s newfound commitment to handling, meant the Cosworth would devour pretty much any flavour of road in its path.
Rising investor confidence also indicates a rally, and it is perhaps more powerful than any economic indicator because when investors believe something is going to happen (a rally, for example), they tend to take action (purchasing shares in order to profit from expected price increases) that actually turn expectations into reality. Although it is an objective concept, investor sentiment shows through in mathematical measurements such as the put/call ratio, the advance/decline line, IPO activity, and the amount of outstanding margin debt.
Codemasters released the first Colin McRae Rally video game in 1998. Version 2, known as Colin McRae Rally 2.0, was released in the year 2000, for Sony's PlayStation and Microsoft Windows; it was also ported to the Game Boy Advance in 2002. A third version found a wide audience on Windows and Xbox. Versions 04 and 2005 arrived in 2004 on all major platforms. 2005 was also remade for Sony's PlayStation Portable and Nokia's N-Gage.