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Honda profit declines on semiconductor crunch and raw material costs

TOKYO — HondaÂ’s fiscal first quarter profit fell 33% from last year as a global computer chip shortage, a pandemic-related lockdown in China and the rising costs of raw materials hurt the Japanese automaker. Tokyo-based Honda Motor Co. reported Wednesday that its profit totaled 149.2 billion yen ($1.1 billion) in the April-June quarter, down from 222.5 billion yen ($1.7 billion) a year earlier. Quarterly sales slipped 7% to 3.8 trillion yen ($28 billion). Honda kept its profit forecast for the full fiscal year through March 2023 unchanged at 710 billion yen ($5.3 billion). The semiconductor shortage has hurt all the worldÂ’s automakers, including Honda, despite strong demand, and the manufacturers have been scrambling to secure alternative suppliers. Honda, which makes the Accord sedan, Odyssey minivan and Civic compact, sold about 815,000 vehicles last quarter, down from 998,000 vehicles the same period a year earlier. Auto sales dropped in almost all regions around the world, including Japan, the U.S. and Europe. “I ask for the understanding from all those who are still waiting for their vehicles and vow that our whole company is doing its utmost to make the deliveries even a day sooner,” Chief Financial Officer Kohei Takeuchi said. Takeuchi said the semiconductor shortage curtailed motorcycle production as well as car production, adding to uncertainty about future prospects. Honda said the recent lockdown in Shanghai was among the causes of the shortage in computer chips supply but declined to give specifics. Although U.S. sales are potentially facing a dent from recession worries and other economic hardships, Takeuchi acknowledged he was more worried about the shortage problem and producing the cars customers were waiting for. Takeuchi noted that motorcycle sales for the quarter, which grew to 4.25 million motorcycles from 3.88 million a year earlier, were going strong, especially in India. The cheaper yen and cost cuts helped maintain profitability overall, he added. The yen has been at a two-decade low against the U.S. dollar. A cheap yen has historically worked as a boon for exporters like Honda by boosting the value of their overseas earnings when converted into yen. But it also increases costs for imported components and materials. JapanÂ’s top automaker Toyota Motor Corp. reported recently that its fiscal first quarter profit fell nearly 18%. Nissan Motor Co. saw its quarterly profit plunge to less than half of what it was a year earlier.

eBay Find of the Day: S.H.I.E.L.D. Acura TL from The Avengers

If you're a fan of The Avengers from 2012, then here's your chance at owning a piece of movie memorabilia. Following last year's auction of a Acura MDX from that movie, Scottsdale Motor Company is now listing another S.H.I.E.L.D. vehicle on eBay Motors - this time a 2012 Acura TL.
Unlike the MDX, this TL has fewer modifications limited to the custom front push bumper, matte-black paint job and the various LED emergency lights in the back window and in the front bumper, while the inside appears untouched with the exception of small auxiliary switches. The current auction price of this car $32,900 - compared to the $41,535 MSRP of a new TL with Advance Package back in 2012 - but this is a steal compared to the movie-prop Monroney that comes with the car listing the "palladium-powered" sedan at $227,085. The seller says that this car was only one of five built for the movie, and it only has 1,111 miles on the odometer.
After the S.H.I.E.L.D. MDX and TL, we can only hope that Scottsdale Motor Company will offer Tony Stark's Acura NSX Roadster as its next movie car auction.

Acura MDX Luggage Test: How much fits behind the third row?

The Acura MDX shares its platform with the Honda Pilot, but that fact is really only obvious when you look at their rear seat floor plans. Both offer the unique, removable second-row middle seat, which means that buyers don't have to decide whether they want max capacity and a second-row bench, or the pass-through convenience of second-row captain's chairs. Both also boast a two-level cargo floor behind the third row, which is always a benefit here in Luggage Test land. But! The MDX does not have nearly as much room back there, regardless of whether you take advantage of the two-level floor's lower level (why wouldn't you?).  The MDX has two cargo volume specs for behind the third row: 16.3 and 18.1 cubic-feet. I think it's safe to assume the expanded number is with the floor in its lower position. The Pilot has 18.6 with the floor in place, and either 22.4 or 21.8 with the lower position. The latter's is the Pilot TrailSport's, which is what I conducted the luggage test on. Meanwhile, in the three-row luxury SUV realm, the current king of the castle is the Lexus TX. Telling you right now, the MDX ain't cracking that nut, but what about everything else I've tested? Let's see. Here is the space in question. Note that the floor does not need to be removed; it actually slides down, tucked just below that plastic trim, and rests upon the lower floor. Now, this obviously does raise the bottom floor by an inch versus removing the floor board entirely, so much like cargo covers in two-row vehicles, I decided to test with and without the floor inside. As with every Luggage Test, I use two midsize roller suitcases that would need to be checked in at the airport (26 inches long, 16 wide, 11 deep), two black roll-aboard suitcases that just barely fit in the overhead (24L x 15W x 10D), and one smaller green 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). Well, I can safely say that the MDX's cargo area is narrower than the Pilot's (above right). I could not fit the same bags* head-to-head in the MDX as I could in the Pilot (* green bag is the blue bag's equally sized replacement). The underfloor area seems to be the same length, but it is considerably narrower.  As such, it's obvious the MDX won't be able to hold as many bags, or at least the same bags, as the Pilot could.  First, with the floor stored in its lower position inside the MDX. Two options.