[Edit] 
Answer
It allows the transmission to be HELD in one gear, longer than normal. Once you release the HOLD button the trans will shift normally.
Answer
A HOLD button, keeps the transmission either in a gear or in a range of gears, according to a moderately complicated algorithm which "lets you shift for yourself."
First answer by Buntingj. Last edit by Buntingj. Contributor trust: 719 [recommend contributor]. Question popularity: 59 [recommend question]
Answers.com > Wiki Answers > Categories > Cars and Vehicles > Asian Cars > Mazda > Mazda 323 > What does the HOLD button on the side of the shifter do?
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