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1997 Acura Integra Type R sells for $82,000 on Bring a Trailer

Acura Integra Type R prices are getting ridiculous. The car is absolutely superb, but the latest one to sell on Bring a Trailer went for a cool $82,000. You could likely pick up two old Acura NSXs in average condition for a similar price as the single Integra Type R. But hey, nobody ever said the value of cars made sense. Why did this particular Type R reach unrivaled heights then? A few factors are obvious. It’s a one-owner, 6,000-mile, completely original 1997 ITR (what the cool kids call the Integra Type R for short). WeÂ’re still rather flabbergasted and slightly upset the original buyer only managed 6,000 miles over the approximately 22 years of ownership, but the new owner could fix that quickly. Then again, this could be a purely speculative buy, aiding heavily in the final gavel price. Wait a few months to a year, and the value of this unmolested Type R could increase another $10,000, or more if you donÂ’t add miles. It was only a year ago to date that we wrote in near-shock about a Type R with even fewer miles (1,200) going for $63,800 at Barrett-Jackson. This car blows that previous record straight out of the water. As of now, thereÂ’s no end in sight to the increasing prices of these now-slightly-old hot Hondas. Another clean Acura Integra Type R is listed on Bring a Trailer right now, and the bid is already up to $34,567 with four days left. That car has 19,000 miles on it, and is reportedly being offered by the carÂ’s second owner, who bought it two years ago. A Honda CRX Si recently went for $33,600 on the same website. The NSXÂ’s value jump hit hard a few years ago, but now its successors are following in its footsteps again. Will there come a day when an Integra Type R hits the six-digit mark? At this rate it doesnÂ’t look far away. If you want a whole lot of what the Type R offers, without the eye-watering markup, take a long, hard look at the Integra GS-R. That trim is a great step up in performance over a base Integra, and a few easy mods gets it close to the Type R from a performance standpoint. You wonÂ’t have the cache and bragging rights that come with the R, but you also wonÂ’t be afraid to put miles on it for fear of entirely ruining the carÂ’s value. Happy Honda hunting.

Honda reports $2.3 billion profit despite pandemic

TOKYO — Japanese automaker Honda reported Friday that its profit rose 23% in the last quarter, despite a pandemic that has slammed businesses around the world. Tokyo-based Honda said its July-September profit was 240.9 billion yen ($2.3 billion), up from 196.5 billion yen a year earlier, as the auto market recovered in some parts of the world. Honda said it carried out aggressive cost cuts that involved a “fundamental review” of its operations. The situation was also improving from earlier this year, when lockdowns and other problems related to COVID-19 caused disruptions of some production and an inventory crunch. Quarterly sales slipped to 3.65 trillion yen ($35 billion) from 3.73 trillion yen the same period a year earlier. Honda warned that uncertainty remains amid rising COVID-19 cases. But the company stressed it was managing to cling to profitability. Reflecting that upbeat mood, Honda raised its profit forecast for the fiscal year through March 2021 to 390 billion yen ($3.8 billion) from an earlier projection for 165 billion yen ($1.6 billion). The latest forecast is still lower than the 455.7 billion yen profit Honda booked in the previous fiscal year. Honda sold slightly more vehicles in the quarter through September at 1.25 million vehicles, compared to 1.24 million vehicles in the same period of 2019. But it sold fewer motorcycles at nearly 4.5 million motorcycles, down from nearly 5.1 million. Kohei Takeuchi, a senior Honda manager, said much of the damage to sales likely came from the pandemic, though he hesitated to blame the entire decline on the pandemic. Executive Vice President Seiji Kuraishi told reporters Honda is bullish on shifting its lineup to ecological models to keep up with the global efforts to curb carbon emissions and global warming. Also Friday, Toyota raised its full year fiscal forecasts to a 1.4 trillion yen ($13.5 billion) profit, after reporting results that appear to show a gradual but sure recovery. Its profit fell 11% in the last quarter. Nissan reports financial results next week. Related Video: Earnings/Financials Acura Honda

Honda recalls 6,800 Accord hybrids for switching to fail-safe mode

Honda is recalling 6,786 examples of the 2014-2015 Accord hybrid for an issue that can cause them to go into fail-safe mode. There are no reports of injuries or accidents, but the company has received 58 warranty claims about the problem as of Sept. 17, 2015, the National Highway Traffic Safety Administration reported. Due to an issue in the sedan's hybrid battery cell voltage sensor, the part can be affected by electrical noise from the hybrid battery inverter and motor circuits. When this happens, the vehicle enter a fail-safe EV mode, which shuts off the internal combustion engine and limits the speed to 40 miles per hour. According to Honda, the Accord hybrids have about two miles of driving range in this state, and afterwards they stall. As a fix, the automaker has a software update to keep the sensor from misinterpreting the electrical noise. RECALL Subject : Hybrid System may go into Fail Safe Mode Report Receipt Date: SEP 25, 2015 NHTSA Campaign Number: 15V602000 Component(s): HYBRID PROPULSION SYSTEM Potential Number of Units Affected: 6,786 All Products Associated with this Recall Vehicle Make Model Model Year(s) HONDA ACCORD HYBRID 2014-2015 Details Manufacturer: Honda (American Honda Motor Co.) SUMMARY: Honda (American Honda Motor Co.) is recalling certain model year 2014-2015 Honda Accord Hybrid vehicles manufactured August 29, 2013, to May 30, 2015. Electrical interference may cause the hybrid system to switch into fail-safe mode, disabling the gasoline engine, limiting the vehicle's speed to 40 miles per hour and functioning only on battery power. Once the battery is discharged, the vehicle will stall. CONSEQUENCE: A vehicle stall increases the risk of a crash. REMEDY: Honda will notify owners, and dealers will update the hybrid system software, free of charge. The recall is expected to begin November 6, 2015. Owners may contact Honda customer service at 1-888-234-2138. Honda's number for this recall is JT7. NOTES: Owners may also contact the National Highway Traffic Safety Administration Vehicle Safety Hotline at 1-888-327-4236 (TTY 1-800-424-9153), or go to www.safercar.gov. Statement by American Honda Regarding Cell Voltage Sensor Recall: 2014-2015 Accord Hybrid Oct 5, 2015 - TORRANCE, Calif. Honda will voluntarily recall 6,786 model-year 2014-2015 Accord Hybrid vehicles in the United States to update the hybrid system software related to the hybrid battery cell voltage sensor (CVS), free of charge.