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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.

Junkyard Gem: 1985 Mazda 626 Sedan

Mazda began selling cars in the United States all the way back in the late 1960s, with the Cosmo Sport 110S, and many interesting(ly strange) Wankel-powered machines followed, but they eventually gave way to much more conventional piston-powered cars such as the the original 626 that the ex-cork-making company from Hiroshima offered here starting in 1979. That car didn't sell so well, though it looked good and boasted build quality as good as the better-known Japanese brands. Starting with the 1983 model year, a new 626 with front-wheel-drive appeared here, with production continuing through 1987. That car did a better job at luring buyers away from Nissan and Toyota showrooms, but examples are nearly nonexistent today. Here's one of those cars, found in a Colorado yard overseen by Pikes Peak. Just as the GLC became the 323, which became the Mazda3 (after first dabbling with the Protege name), the 626 eventually became the Mazda6 (with coupes badged as MX-6s or Ford Probes for a while in the late 1980s through middle 1990s). The last year for the 626 name here was 2002. This one made it well past the 200,000-mile mark, which was serious stuff for a mid-1980s car (yes, I've found some Toyotas of the same era that doubled that figure and a couple of Mercedes-Benzes that tripled it). The 2.0-liter straight-four in the 1985 626 made 84 horsepower. Not great, but good enough for a 2,500-pound car in that period. Once BMW started adding the "i" to the designation of fuel-injected cars during the late 1970s, everybody else jumped on board the moment they ditched the carburetor. The 626 and subsequent Mazda6 held onto the manual transmission all the way until the 2018 model year, though finding a 6 from the last decade with three pedals in North America is an unusual happenstance. This car even has the optional air conditioning, something that was still considered a rich-people-only luxury by a large swathe of the American car-buying public in 1985. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. Do you think the only way to get into a serious road car is to empty your bank account and buy something from the Black Forest? Not so, according to James Garner! This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. In its homeland, this car was pitched as highly opulent. This content is hosted by a third party.

Mazda rotary engine returning in 2019 as EV range extender, exec says

It seems that a range-extended Mazda electric car with a rotary engine is for real, and coming sooner than expected. An automotive news outlet from the Netherlands called AutoRAI spoke with Mazda's European vice president for sales and customer service. He told the outlet that Mazda has an electric car coming In 2019, and it will be available with a rotary engine as a generator. Among the details about this car and its powertrain, he said it would be similar in size to the Mazda3, and it might even be a crossover. It will also be based on Mazda's upcoming modular small car platform. The rotary engine will only generate electricity and will only have one rotor. Not only that, it will be mounted horizontally. This is particularly unusual as every rotary Mazda has had the engine mounted upright. We've reached out to Mazda representatives in the U.S. and Europe. An American representative couldn't comment on what type of range-extender options may be coming in the future. We say this specifically because Mazda has confirmed previously that an EV with an available range extender is coming in 2019. We have not heard back from a European representative at the time of publishing. Despite this, a return of the rotary as a range extender looks probable. Besides the dates fitting with Mazda's electric plans, there are other tidbits from the past that support the idea. Mazda has been experimenting with the idea for years, and even created a functioning Mazda2 EV with a rotary range-extender. The company has also filed patents in the U.S. for the setup as recently as last year, and there have been other recent rumors. Related Video: Featured Gallery Mazda RX-Vision Concept: Tokyo 2015 View 11 Photos Image Credit: Autoblog Auto News Green Rumormill Mazda Technology Emerging Technologies Electric Mazda rotary mazda ev rotary range extender