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 road crash is one of the biggest disasters any motorist can face. And it’s not just the hassle of delayed journeys and repair costs. A road crash can also result in life-altering injuries or, worse, death. Although none of us intentionally go out crashing our cars, modern traffic conditions have made things challenging even for the most careful and astute drivers. That’s where active safety systems come in. Unlike passive safety systems like seatbelts and airbags, which minimize the harm that

(Images from Honda PH) With its safety features and spatial practicality, the Civic Type R can pass as a daily, if you'd think about it (and force it a little). Is it easy to maintain a modern hot hatch like the Civic Type R? According to a report in November last year made by Martin Pretorious of AutoTrader, a car website in South Africa, the Civic Type R is actually a bespoke car, and despite the geography, his findings are very much applicable in the Philippine setting. Being in the same cate

After a year of hiatus, Toyota and Subaru have unveiled the 2022 version of the Toyota 86. This sports coupe is a partnership project between Japanese automakers - Toyota Motor Company and Subaru Corporation. This model entry has a massive impact on popularity because of its affordable price in the automotive market against European sports car brands. This year’s version is extra special for car enthusiasts as Toyota 86 2022 has a lot of performance improvements and style enhancements. One of th