Yes, the 8th gen has a five speed automatic. You might compare this to many other compacts now coming with six speeds and CVTs, and wonder why Honda opted for less gears when most manufacturers boast about how much a six, eight or now 9 speed trans improves fuel economy. The answer is quite simple, less rotating mass means less lost energy, and good old reliable 5 speed automatic transmissions cost less up front, and cost less in potential warranty repair costs. Honda has opted to improve fuel economy by producing an engine that is highly efficient throughout a wide rev range (think VTEC and variable intake runner length), instead of trying to add more gears to keep the engine operating in a small speed range where it operates efficiently.