AutoFun Philippines has extensively covered the depths that dealers and resellers would go to make big bucks off a hot, new car. Irate buyers of the recently launched Honda Civic Type R FL5 approached us after Honda Cars Philippines dealers were reportedly asking for up to ₱800,000 over the car’s ₱3,880,000 price tag. Some dealers were even disallowing straight-cash purchases and pushing for financing packages with huge interest, which the Department of Trade and Industry is punishable with jail

The law of supply and demand is one of the most fundamental concepts in economics. In a nutshell, if lots of people want something (high demand) that isn’t plentiful (short supply), the price would shoot up until the right number of buyers remains. This applies to everything from food items like onions to pricier products like cars. However, certain car dealerships are taking this economic principle to absurd extremes. AutoFun Philippines content head Mikko David reported that some buyers of the

Price-gouging has long been an illicit practice in the local car industry, particularly at new-car dealerships. It refers to dealers asking for more money on top of a new car’s list price, which already includes a profit margin. This happens most often with models that have very high demand. The added charges are imposed either by forcing the buyer to take a financing program – where the buyer can get the car immediately at the cost of high monthly payments, which the dealer gets a cut of – or t

Since the launch of the Honda Civic Type R FL5 last week, interest in the Japanese hot hatch has skyrocketed. During the brand's media Thanksgiving event, Honda Cars Philippines, Inc. executives claimed that only 40 units of the Civic Type R were initially brought in, and 39 of these will be sold to the public through its dealers. Some new owners have already posted their latest acquisitions on social media, proud to be the first to own a certified everyday sports car. With so few units availabl

A new hot hatchback is coming to the Philippines with the recent reveal announcement of the 2023 Honda Civic Type-R. According to our sources, it will reportedly be priced anywhere from an eye-watering 3.6 to 3.9 million pesos—a hefty jump from the ₱3,210,000 swansong price of the previous generation Civic Type R. According to a report from Autoindustriya the new model will reportedly be unveiled in the Philippines on January 19, 2023. This follows the recent introduction of the hot hatch to the

The home of VTEC is celebrating 32 years of operations in the country. Honda Cars Philippines Inc. (HCPI) announced in a press statement that it is holding its “Honda at 32: Celebration Blowout” from Oct. 1 to 31, 2022. Customers can get cash discounts, low all-in downpayment, low monthly amortization, flexible financing options, and other special offers, including deals on the Honda Safety Driving Center (HSDC) automobile learning programs. HCPI was established on October 1990 under the Philipp