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

After speculations about what Honda Cars Philippines would bring next, the covers have been removed to unveil the 2023 Honda Civic Type R FL5. That's right! The Japanese brand has brought the latest version of its performance hatchback into the country but with a catch. Unlike before, which had a bigger allotment into the triple digits, this time around, the sixth-generation Civic Type R is only limited to 30 units, so you better move quickly as orders for these vehicles will come swiftly and co

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

Several people hoped of someday having their dream sports car, a coupe, or a convertible that looks cool and performs beastly on the road. But in modern times, sports cars are not the only cars that linger in our minds and wish to drive home. Off-road vehicles have grown its popularity in the past years not only among men, but also among women of different ages. One of those is the iconic Jeep Wrangler – a compact and mid-size off-road SUV that has been around since 1986. Although the Wrangler w