If you have been eyeing a Honda as the first or latest addition to your garage, you might want to take a second look at your budget. This is because Honda Cars Philippines Inc. (HCPI) has announced significant price increases for almost its entire model range.
All variants of the 2023 Honda BR-V are spared from the price adjustments
On its website, the automaker lists the updated prices for all but three of its offerings, with the price adjustments ranging from Php 10,000 to Php 139,000 more.
As of this writing, only a handful of HCPI models have managed to retain their respective sticker prices. These include all variants of the new BR-V 7-seat subcompact crossover priced from Php 1,090,000 to Php 1,390,000, the entry-level Civic S Turbo CVT compact sedan with Honda Sensing at Php 1,368,000, and the top-spec HR-V RS Turbo CVT 5-seat subcompact crossover at Php 1,739,000.
HCPI previously adjusted its prices in September 2022, prior to the arrival of the second-generation BR-V. The price increases covered select models such as the Brio small hatchback, the sedan and hatchback versions of the City subcompact model, the Civic compact sedan, and the CR-V compact crossover. In November, HCPI hinted at updated pricing for the 2023 HR-V, excluding the flagship trim.
The Honda HR-V S gets the biggest price increase
The company has yet to issue a statement on the reason for the price adjustments, although possible factors include continuing inflation and the struggles of the Philippine peso against international currencies. Here are the updated prices that HCPI has released for its model lineup:
| Model | Old price | New price |
|---|---|---|
| Brio 1.2 S | Php 650,000 | Php 680,000 |
| Brio 1.2 V | Php 742,000 | Php 772,000 |
| Brio 1.2 RS | Php 798,000 | Php 828,000 |
| Brio 1.2 RS Black Top | Php 808,000 | Php 838,000 |
| City 1.5 S | Php 938,000 | Php 953,000 |
| City 1.5 V | Php 1,018,000 | Php 1,033,000 |
| City 1.5 RS | Php 1,078,000 | Php 1,093,000 |
| City 1.5 RS Hatchback | Php 1,138,000 | Php 1,153,000 |
| Civic V Turbo Honda Sensing | Php 1,568,000 | Php 1,583,000 |
| Civic RS Turbo Honda Sensing | Php 1,760,000 | Php 1,775,000 |
| CR-V 2.0 S | Php 1,753,000 | Php 1,763,000 |
| CR-V S Diesel Honda Sensing | Php 1,993,000 | Php 2,030,000 |
| CR-V SX Diesel AWD Honda Sensing | Php 2,253,000 | Php 2,290,000 |
| HR-V S Honda Sensing | Php 1,250,000 | Php 1,389,000 |
| HR-V V Turbo Honda Sensing | Php 1,598,000 | Php 1,649,000 |
Keep track of more automotive price movements at Philkotse.com.