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Mixed sales results, but automaker stocks rise on need for cars in Houston

DETROIT — The Big Three Detroit automakers on Friday reported better-than-expected August sales and issued optimistic outlooks for demand as residents of the Houston area replace flood-damaged cars and trucks after Hurricane Harvey, sending their stocks higher. General Motors, Ford and Fiat Chrysler posted mixed August U.S. sales, with GM up 7.5 percent and Ford and Fiat Chrysler down. Japanese automaker Toyota improved sales by nearly 7 percent, while Honda fell 2.4 percent. Still, analysts focused on the potential for Detroit automakers to cut inventories and stabilize used vehicle prices as residents of Houston, the fourth largest city in the United States, are forced to replace tens of thousands, perhaps hundreds of thousands, of vehicles after the devastation from Hurricane Harvey. Mark LaNeve, Ford's U.S. sales chief, told analysts on Friday that following Hurricane Katrina in 2005 "we saw a very dramatic snapback" in demand. That said, Ford sales fell 2.1 percent in August. It sold 209,897 vehicles in the United States, compared with 214,482 a year earlier. Sales were down 1.9 percent in the Ford division and off 5.8 percent at Lincoln. Demand was down for cars, crossovers and SUVs. It was not clear how many vehicles in the Houston area will be scrapped, LaNeve said, saying he had seen estimates ranging from 200,000 to 400,000 to 1 million. Ford's Houston dealers may have lost fewer than 5,000 vehicles in inventory, he said. Ford is the No. 1 automaker in the Houston market, with 18 percent share, according to IHS Markit. The company plans to ship used vehicles to Houston dealers and has "every indication we would have to add some production" of new vehicles to meet demand, LaNeve said. Investor concerns about inventories of unsold vehicles and falling used car prices have weighed on Detroit automakers' shares most of this year. Now, automakers can anticipate a jolt of demand from a big market that is a stronghold for Detroit brand trucks and SUVs. "It's got to be a positive for the industry," LaNeve said. Investors appeared to agree. GM shares rose as much as 3.3 percent to their highest since early March. Ford increased 2.8 percent at $11.34, and Fiat Chrysler's U.S.-traded shares were up 5.2 percent $15.91, hitting their highest in more than five years. GM reported a 7.5 percent increase in U.S. auto sales in August, helped by robust sales of crossovers across its four brands.

Mazda 3 Sedan and Hatchback Luggage Test | Trunk comparison

A major reason for buying a hatchback is for added cargo space and versatility, right? Seems logical enough. It's certainly a reason I've been fond of them over the years. And since so many SUVs these days are just glorified hatchbacks, it certainly stands to reason the buying public has reached this conclusion as well. To test this hypothesis and potentially bust this myth, Mazda kindly provided three vehicles that are virtually identical apart from their body style: the Mazda 3 sedan and hatchback, as well as the Mazda CX-30 crossover that's really just a raised and rebodied 3.  On paper, in descending order, the CX-30 is tops at 20.2 cubic feet of space behind the back seat, the Hatchback has 20.1 cubic feet and the sedan has 13.2. OK, let's see how the order turns out once luggage is used. Here is the 3 Hatchback on the left and 3 Sedan on the right. Immediately, the sedan doesn't look that much smaller than the Hatchback. Actually, doesn't it look bigger? Below is the CX-30.  Note that this CX-30 did not include its rigid cargo cover, but already, you can start to see the difference between 3 Hatch and CX-30. The crossover has more space above the back seat line than the Hatchback. So, even if the 3 Hatch has more cargo area length, the CX-30 has more height. That's why you have virtually equal cargo capacity numbers despite having different spaces.  To that point, let's bring in the bags. As in every luggage test I do, I use two midsize roller suitcases that would need to be checked in at the airport (26 inches long, 16 wide, 11 deep), two roll-aboard suitcases that just barely fit in the overhead (24L x 15W x 10D), and one smaller roll-aboard that fits easily (23L x 15W x 10D). I also include my wife's fancy overnight bag just to spruce things up a bit (21L x 12W x 12D). CX-30 for the win (above right) as all the bags fit. The fancy bag and smaller roller are slightly blocking the rearward view, but you can still see out and the bags won't fly forward. Importantly, they also fit when closing the CX-30's hatch. They won't if you attempted the same formation in the 3 Hatchback, which can't fit the fancy bag or one of the midsize rollers. And no, you can't fit the fancy bag in the middle there — the hatch wouldn't close on top of it. A smaller duffel will, however.  So, although the 3 Hatch has a slightly longer space, the difference doesn't matter as much as the CX-30's extra height in this usage case.

2019 Mazda CX-5 to get 2.5-liter turbo and revised G-Vectoring

The 2019 Mazda CX-5 is getting Mazda's 2.5-liter turbocharged four-cylinder engine if this supposed internal document from Reddit is correct. The user claims a salesperson showed him the document in question. In addition to the availability of the turbo engine, Apple CarPlay and Android Auto appear to be added onto every trim level. Do take note that the document says it's from Mazda Canada at the bottom, so that's why the trim levels don't have the same names as they do in the U.S. Another interesting mention in there is G-Vectoring Control Plus. We've had Mazda's G-Vectoring Control technology for a little while, but never has a car come out with the Plus moniker on there. Our best bet is Mazda has revised its original G-Vectoring system for 2019; we'll have to wait for official information to see what exactly changed though. At the top of the page Mazda lists "substantial visual changes to the interior" as one of the highlights. The biggest change we can find related to that is a seven-inch LCD display added to the gauge cluster on what would equate to the Grand Touring trim in the U.S. At least Canada — and maybe we too — seems to be getting a fourth trim level called "Signature." This will probably consist of more expensive materials used throughout and maybe a few bonus tech features over the Grand Touring. The page shared looks plenty legitimate, but it's still best to maintain some healthy skepticism. It's also from Canada, so there could be some slight variations between how those cars are equipped versus those coming stateside. We're excited to see the 2.5-liter turbo in the smaller CX-5, though. It should give that car the extra punch it needs to fend off faster rivals in the ever-expanding crossover segment. Featured video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings.