1987 Mazda Rx-7 Turbo Coupe 2-door 1.3l on 2040-cars

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Honda sees sales up but profit sliding 16 percent in 2017-18

TOKYO - Honda forecasts a 16 percent fall in operating profit for the current financial year as the Japanese automaker sees higher auto sales being offset by a stronger yen and research-and-development costs. Japan's No. 3 automaker said it expects an operating profit of 705 billion yen ($6.34 billion) in the current FY2018, down from 840.7 billion yen posted in the fiscal year just ended, and lower than an average estimate of 850.8 billion yen from 23 analysts polled by Thomson Reuters I/B/E/S. It sees a 14 percent slide in net profit to 530.0 billion yen this year, down from 616.5. Honda's projections are based on a forecast that the yen will average 105 yen to the U.S. dollar through next March, stronger than the 108 yen rate in the year just ended.BUT CAR SALES ARE UP At the same time, there's good news as Honda expects its global vehicle sales to edge up 1 percent to 5.08 million this year, bolstered by growth in Asian sales to 2.06 million units, beating out North America to become Honda's top market as more Chinese drivers flock to its cars. The company expects to sell 1.92 million vehicles in North America, 2.5 percent less than the year just ended as it struggles to sell sedans including the Accord, which have fallen out of fashion in the past few years. Honda has been ramping up production of SUVs to keep up with strong demand for larger models in the United States, although overall vehicle sales show signs of slowing following a boom cycle after the global financial crisis. Mazda is taking a similar strategy, announcing on Friday it would expand production of SUV crossover models at home, while equipping overseas plants to enable more flexible production of models according to market needs. Japan's No. 5 automaker forecast a 19 percent jump in operating profit for the current financial year as it expects higher sales volumes, particularly in North America, to help it recover from last year's profit slump.A CONSERVATIVE OUTLOOK Executive Vice President Seiji Kuraishi acknowledged that Honda's expected currency hit of 95 billion yen was based on a "conservative" yen forecast, adding that growing costs to create next-generation cars would also impact earnings. "Our costs are rising to develop new technologies which will be needed in the future, like automated driving functions and electric cars," he told reporters at a results briefing.

Automakers are offering more fuel-efficient cars than ever

Even with gas prices near their lowest point in more than a decade, Americans are still concerned about the fuel economy of their cars. More than 4 in 5 consumers say gas mileage will be an important consideration the next time they go shopping for a vehicle, according to the results of a new survey conducted by the Consumer Federation of America, which were released Monday. That's no surprise, says Jack Gillis, director of public affairs for the nonprofit organization. "Consumers have had a long history with volatile gas prices," he said. Though motorists have saved approximately $12 billion this year at the pump compared to 2015, according to AAA, car shoppers expect gas prices to rise again in the future. The average respondent to CFA's survey predicted a price of $3.50 per gallon within the next five years, a figure in line with projections made by the US Energy Information Administration. When those consumers visit dealerships, they'll have plenty of options. More models than ever are achieving 30 miles per gallon or more, according to CFA's annual analysis released in conjunction with the survey, and 15 of 16 major car companies improved their fuel efficiency on their 2016 model-year offerings. Only Ford backslid year over year, per the report. Researchers say American consumers are now enjoying the widest range of fuel-efficient options ever offered, in every vehicle class. Of 1,094 models on sale in 2016, 13.4 percent achieved more than 30 MPGs, an improvement from 11.7 percent in 2015. At the same time, the percentage of gas guzzlers offered for sale has declined. The percentage of vehicles on the market that get 16 miles per gallon or less has fallen from 6.1 percent to 4 percent, says CFA. "Even if you're in the market for a large pickup or SUV, you'd have to go out of your way to find a true gas guzzler," Gillis said. ""Consumers have had a long history with volatile gas prices." – Jack Gillis These results, the CFA suggests, indicate federal standards that prod automakers to invest in fuel-efficient technology are having the desired effect. Manufacturers are keeping pace with the requirements of the Corporate Average Fuel Economy standards, which mandate carmakers achieve a standard of 52.5 miles per gallon in testing, equivalent to about 40 miles per gallon in on-road performance, by 2025. CFA's report singled out Mazda as setting an exemplary standard.

2020 Mazda MX-5 Miata RF Automatic Road Test | Cue the sad trombone

Somewhere in Hiroshima, a parade of nearly finished Miatas glides along a track waiting to receive their beating hearts, the powertrains that'll let them ply their road-carving talents the world over. One – let's call him Fred – is eager to begin his new life as a 2020 Mazda MX-5 Miata, bringing joy to his future owner and just generally being awesome, even if the RF power targa-ish roof that's already been applied to him is a tad dweeby. Visions of hairpins and power slides and expertly executed heal-toe downshifts dance in his head Â… and then it happens. He is given the one thing every new Miata dreads: an automatic transmission. Poor guy. This will not, entirely at least, be yet another diatribe in the ongoing Quixotic campaign to Save the Manuals(!). Automatic transmissions can be quite good and even beneficial in sports cars, especially on the track where removing the need to operate a clutch and expertly execute those heel-toe downshifts lets you better focus on the steering, what the chassis is doing and just going faster. That the computers can shift quicker than you can is another obvious advantage. The trouble with the Miata, and why Fred is now shuffling off the line like George Michael away from the Banana Stand, is that the Mazda six-speed automatic just isn't appropriate for a sports car. The automatics in the rest of Mazda's fleet are actually quite excellent, delivering superior response than rival transmissions, and delivering comparable fuel economy despite possessing fewer gears. However, what works well in a compact crossover like the CX-5 or CX-30 is not necessarily appropriate for a sports car like a Miata. Unlike the dual-clutch transmissions or even some sport-tuned conventional automatics of various performance-oriented cars, this one doesn't downshift adroitly when braking into a corner, anticipating your imminent need to get back on the power. The plastic paddle shifters lack the reassuring, mechanical feel of the best examples, and then don't produce quick-enough reactions from the transmission when up- or downshifting. I found using the shifter itself, which is at least oriented the correct way – with downshift forward and upshift rearward – to ultimately be more rewarding as it has a more involving action to it. Still, it's nothing compared to the solid, snick-snick action of the six-speed manual.