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Honda reports $1.9 billion profit in first quarter despite sales lag at home

Ford, General Motors and Chrysler have been living in a world of sunshine and buttercups after their April-through-June financials hit the newswire, and Toyota is doing pretty good as well. Honda? Not so much.
While Japan's third-largest manufacturer saw $1.9 billion in profits, the 5.1-percent jump was lower than expected thanks to a drop in its home-market sales. US sales also took a sting, as Honda hasn't been able to match the SUV and truck demand that are currently permeating the American market, despite an uptick in Accord sales.
Honda's initial forecasts targeted a take of 209.3 billion yen ($2.1 billion at today's rates), and while a $200 million shortfall is nothing to sniff at, we'd hardly take this as Honda being in trouble. And even with the dip, Honda hasn't adjusted its forecast for the fiscal year, which remains at 780 billion yen ($7.9 billion).

Sonic-themed Honda Civic spin-dashes into Comic-Con

Prepare to feel old video gamers – Sonic the Hedgehog, the speedy, spiky avatar of early 1990s Sega enthusiasts turns 25 this year. And in celebration of Sonic being old enough to rent a car, Honda put together a celebratory Civic in time for the awesome nerd fest that is San Diego Comic-Con. The Sonic Civic, as Honda's taken to calling it, features a vinyl wrap over parts of the Sonic Blue body, while the Sonic Yellow accents add some pleasant contrast. Honda went with two different wheel colors for the Civic – the rears honor Sonic's iconic red-and-white sneakers and the fronts are reminiscent of the long-running series' gold rings. It's pretty obvious Honda aggressively lowered the Sonic Civic's ride height, too. We don't have interior images, but Honda claims the blue theme carried over to the Katzkin leather seats. In the trunk is a pair of ten-inch, 500-watt Rockford Fosgate subwoofers, a pair of 400-watt amps, and a flip-up, 32-inch TV for play throughs of Sonic's classic adventures. Cool upgrades, but where's the performance stuff? Speed is Sonic's defining characteristic, so it seems a little strange that a car built in his honor is rocking a base 1.5-liter, turbocharged four-cylinder. Related Video: Featured Gallery Honda Sonic Civic for Comic-Con 2016 News Source: HondaImage Credit: Honda Auto News Toys/Games Honda Economy Cars Sedan sega

1997 Acura Integra Type R auctioned for $63,800

The Acura Integra, also known as the Honda Integra, was a front-wheel-drive sport compact car that neatly slotted between the Honda Civic and the Honda Accord. The Integra's sportiness wasn't just in its design, as there were a number of quite powerful engine choices for it, and some handling improvements. The mid-to-late-1990s second-generation car was available as the nearly-200-horsepower Type R version, which made a lasting impression no matter if you were an Acura customer, a Honda customer, a British motoring journalist putting the car through its paces in Wales or a PlayStation Gran Turismo gamer driving a virtual Integra at a fictional race track. The bug-eyed, sharply detailed Integra Type R, complete with a strengthened chassis, lightened spec, white wheels and a sizable rear wing, was an instant classic, and two decades later their values are definitely on the rise. No wonder, as they've been called the best-handling front-wheel-drive cars made, and there's some strong competition for that title. However, while the Integra Type R was sold new in limited numbers (just 320 units for the U.S. market in 1997), it wasn't envisioned just how much they could be worth in 2018. The past weekend, a certain high point was reached, as a 1,200-mile, Championship White, Acura-badged example was sold at a Barrett-Jackson auction for an eye-watering $63,800 with fees included. That is roughly double what the car cost new, no matter how new-condition it is. Perhaps the $60K+ sale price for the Type R was foreboded by a particular Florida-based car selling for $40,750 in late June, on Bring a Trailer. That car wasn't even in as-new condition, as it had already accumulated almost 60,000 miles. While these prices might reflect in the values of other used Integra Type R cars and even the more regular-issue, 170-horsepower Integra GS-R models, it might turn out be a blessing for the existing examples not ravaged by road salt or modding in usual Honda fashion, or stolen and parted out: As the values for Type R's keep climbing, it provides even more of an incentive for Type R owners to keep their cars in good or excellent shape. We're just hoping for a sweet spot there, so that the Integras won't all be mollycoddled and cocooned for fear of depreciation — these cars need to be used, out on the road with the VTEC singing, nearing 8,500 rpm. That's what they were designed for.