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New auto loans could soon extend out to 84 months

Cars and trucks are more expensive than ever before. In order to boost sales and help consumers afford new vehicles, automakers are offering longer and longer terms for auto loans. This past week, Bloomberg reported that FCA's Ram Trucks division is currently offering the longest loans. Some stretch to 73 months. Jeep, Fiat and Chevy aren't far behind. More noteworthy is that we'll likely soon see lenders moving from 73-month to 84-month loans. That's seven years worth of interest. More than two-thirds of US auto sales come from light trucks like the Ford F-150, Chevy Silverado and Ram 1500. The average transaction price of a new vehicle is well over $30,000. It's not difficult to spec out a heavily-optioned truck up to $60,000. Vehicles depreciate from the moment they roll off a dealer lot, and these six or seven-year loans could hurt consumers and lenders both in the long run. The U.S. Senate voted last week to kill rules that would prevent discriminatory auto lending. These Obama-era guidelines were meant to curtail lenders who offered higher loans based on race, religion, sex or national origin. Related Video: News Source: Bloomberg Chevrolet Fiat RAM Car Buying car loan car values

2018 Chevy Sonic caught testing in The Motor City

Despite its role as the entry point into Chevrolet's lineup of sedans in America, the Sonic can be a fun little urban runabout in the same vein as the Ford Fiesta and Honda Fit. It's also impressively fuel efficient. Suffice it to say, then, that the Sonic is way better than the Aveo it replaces. And, as you can see from these spy shots, the next version of the Sonic is currently being tested in the wintry climes of Detroit, Michigan. The 2018 Chevy Sonic will be based on an updated Gamma platform that will be shared with the all-electric Chevy Bolt. In place of that's car electric motor and massive battery pack will be either a naturally aspirated four-cylinder or small turbocharged engine. Our spy shooters suggest a three-cylinder engine is also a possibility. While it's clear from these spy photos that the development of the next Sonic is well underway, nobody is quite sure where it will be built. Last October, we reported that 500 workers at GM's production facility in Orion Township were being laid off due in part to slow sales of the Sonic – you can thank the growing popularity of crossovers for that – and that plant is now being retooled for production of the Bolt. It's entirely possible that GM has decided to move production of the Chevy Sonic to Mexico, which would allow it to build a more profitable vehicle at Orion Township alongside the Bolt. Related Video: Featured Gallery 2018 Chevy Sonic Sedan: Spy Shots View 9 Photos Image Credit: Brian Williams / SpiedBilde Spy Photos Chevrolet Economy Cars Sedan

Chevy's 6.6-liter Duramax is pretty much all new

To say there's a heated battle in heavy-duty pickups is an understatement, with Chevrolet, Ford, and Ram constantly trading blows of increased torque, horsepower, and towing capacity. The latest salvo is the revised, more powerful turbo diesel 6.6-liter Duramax V8 in the 2017 Chevy Silverado. It has 910 pound-feet of torque, an increase of 145, putting it nearly level with the Ford Super Duty. Here's a closer look at where those gains come from. How exactly did Chevrolet add all that torque plus 48 horsepower? The automaker essentially took a fine-tooth comb to the entire engine. Chevy says it changed 90 percent of the V8, and the cumulative effect of those small changes adds up to big increases. As you might guess, the turbocharger is updated. The larger unit features electric actuation of the variable nozzle turbine (VNT), and what Chevy calls a double axle cartridge mechanism that separates the VNT moving parts from the housing. That helps with heat performance as well, with a claim that the exhaust side of the turbo can run continuously up to 1,436 degrees Fahrenheit. Helping that cause are six exhaust gaskets made of Inconel - an nickel alloy that contains chromium and iron – and upgraded stainless steel for the exhaust manifold. Despite having the same cast iron cylinder block, albeit with some minor enhancements, the engine has new cylinder heads, pistons, piston pins, connecting rods, and crankshaft, which have all been upgraded to handle 20 percent higher cylinder pressures. Alongside the increase in pressure, Chevrolet also increased the cylinder head's structure with a honeycomb design. The pattern features high-strength aluminum with dual layer water jackets that not only improve strength, but also optimize water flow for better cooling. For 2017, the cylinder head also benefits from integrated plenum that aids the engine in getting more air under heavy loads. The cylinder head isn't the only component to get a minor update, as the pistons have a larger diameter pin for improved oil flow. The same detailed improvements has been bestowed to the humble connecting rods (second in our hearts only to the inanimate carbon rod). The new design has the bolts oriented roughly 45-degrees to the rod instead of parallel. The angle split design, as it's called allows for easier passage through the cylinder.