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Reminder: Come hang out with Autoblog and the 2016 Mazda MX-5 Miata on Tuesday, May 19

Do you love chilidogs, French fries, meeting new friends, and the world's most popular convertible? Do you live in Southeast Michigan? Do you like lists of questions? If you answered "yes" to any but the last of those, we'd like to invite you to a little get-together we're hosting next week. Driving impressions are still under embargo for the US-spec 2016 Mazda MX-5 Miata, but somehow we've conned convinced company PR reps to show the car to you, Joe Public Autoblog Reader. We're enthused about telling you more about the ND Miata, but before we do we'd love to share a Coke and talk about cars. Here's the skinny. A group of Autobloggers will be hanging out at the Athens Coney Island, in Royal Oak, MI, next Tuesday, May 19. We'll have the car on display from 5:00 PM to 8:00 PM, and we'd love to see you. If you're a Miata owner, we'd also love to for you to bring your car along for the party. The more convertibles the better (just be prepared to have your picture taken). Go ahead and set your navi for Athens – 32657 Woodward Ave., Royal Oak, MI 48073 ­– and we'll look forward to seeing you Tuesday. Mazda Geeks unite. Related Video:

Should you buy a leftover 2015 or a brand new 2016 model?

One of the most common questions I get asked as a car dealer and auto auctioneer is, "When is the best time to buy a new car?" The answer is usually the time period between Labor Day and the middle of November. That's because this is when new car dealers and the manufacturers are trying to get rid of their current-model-year vehicles to make way for a small army of 2016 models. Rebates, incentives, cheap financing, and overstocks of unpopular models all help create the liquidity needed to turn the old inventory into a new set of wheels for the buying public – often at a very reduced price. But sometimes the "old" new car isn't a better pick than the "new" new car. It depends on a lot of factors, including the car in question and the differences from one model year to the next. I recently received an email from Jeff, who is interested in the Mazda CX-9 and asks whether he should buy a 2015 model or wait for the new version that will debut soon in LA. I'll use his as the example case. Length of Ownership The longer you own a vehicle, the less model year depreciation will be an issue. For example, the difference in value between a five-year-old Mazda 6 and a six-year-old version is about $1,500 according to the Manheim Market Report ($5,600 vs. $4,100). But if you look at the difference between 10-year-old and 9-year-old versions of that same vehicle, the price difference shrinks all the way down to $200. Because Jeff plans to own his new crossover for many years, the 2015 model wins in this category. View 19 Photos Rebates and Incentives The current CX-9 has a $4,000 cash incentive from Mazda. This is in part because Mazda still has quite a few left over. That $4,000 rebate for the current model is already coupled with even stronger discounts at the dealer level for those leftover 2015 models. TrueCar is showing that a loaded 2015 model can be had for $7,000 off the sticker at $28,600. You may even be able to beat that price by negotiating the deal yourself. Another thing to consider is that new models tend to be in high demand when they launch, which means that your purchase price will likely be substantially higher with the new model than it will with a leftover 2015. Again, financially speaking, this is a vote for the 2015 model. New Stuff It's also important to weigh what new features will come along with the updated model and how important they are to you.

Toyota, Honda, Nissan and more collaborating to increase fuel efficiency

Toyota, Honda, Mazda, Nissan, Subaru, Mitsubishi, Suzuki and Daihatsu have announced an alliance that will see a push to improve fuel economy from both gas-powered and diesel-powered engines by as much as 30 percent before the end of the decade.
The newly assembled Research Association of Automotive Internal Combustion Engines put the roughly $20-million project together, with the Japanese government committing to half the cost while the eight manufacturers will chip in the rest.
According to Automotive News, the automakers will team up and share basic research on internal-combustion engines in a bid to cut costs. Eventually, the results of the research will find its way into a production vehicle, although it's unclear just when we'll see the fruits of this partnership on the road.