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Prices of Honda cars are increasing and affecting its sale

Aug 28, 2023 talha seo

Cars of Honda were known for their reasonable prices, and most of the buyers preferred them. It is known for its reliability, low maintenance, fuel efficiency, and other factors that urge consumers to go for Honda vehicles. Honda is also leading to electric cars. In this article, we’ll mention the effect of Honda Sales In Pakistan due to the increasing price range.

The question must come in your mind while buying the car that why choose Honda over other companies? The answer is because of its following features:

Honda uses high-quality components and materials.
It's incredible designing of cars.
Honda puts efforts in making the best features of the car
High mileage is the key to divert the mind towards Honda.
It also brings leadership and using advanced technology.

(You can get all other detail at the My Wheels blog related to Honda features).

Why are the prices of Honda getting increased?

Many consumers wait for the new season or year to buy new models of Honda vehicles. Understandably, prices are increasingly taking advantage of customers' needs and season so the company can get more profit. Another reason is due to lockdown because of pandemic sale of vehicles has been

slow, and the company could not get enough profit that it earns otherwise to compensate for the all-over loss. Although it is also considered that increasing dollar rates are affecting the prices of some essential parts of the car, thus standards of the Honda are getting high indirectly. For instance, Japanese automakers raised the rates of BR-V. This year, there was a hysteria of cars. Taxes were applied to imported vehicles. And used Japanese car import has been blocked. The companies have halted the production of vehicles as they were forced to do so. All these factors simultaneously raised the car prices in Pakistan hysterically.

Cars models before and after increased prices:

Rates are gone up from 60000 to 100000.
Civic turbo RS was sold previously at PKR 4599000, but its price is PKR 4699000.
1.8 VT SR CVT automatic is now being cost PKR 3979000, which was at PKR 3899000.
The manual city's old price was PKR 2389000 but now increased to PKR 2449000.
New city 1.5 automatic is expected to be sold at PKR 2629000, and manual 1.5 is at a rate of PKR 2629000, whereas its old price was PKR 2699000. PKR 70000 has been increased.
City aspires 1.5 is now available at the rate of PKR 2859000 while it was at PKR 2789000.
BR-V manual got PKR 80000 increase in rate, and now for sale at PKR 3159000 and same in BE-V CT automatic, there is a difference of PKR 80000 in new price as PKR 3479000.

It is noticeable that all orders from April 23, will be charged with new car rates whether they were booked before the announcement or after.

How increased rates of Honda affecting consumers and its sale

Honda raised the prices by 70% this year as compared to previous years. So, costumers are now reluctant to buy Honda despite its best features or mileage. Many people always rushed to buy Honda cars, but now its sale will be affected so much. As lockdown already decreased the car selling, but increased rates will reduce the deal to a shallow point.

The decrease in the sale of Honda will affect the production:

When there is a reduction in the sale of any product, its making and production are also affected. So, the same will happen in the case of Honda cars. Prices are high too much, so people will avoid buying the vehicles on very high rats and rush towards other companies. By this, Honda will not be able to sell their cars on new rates and the older rates. This would lead to a negative impact on the production of Honda cars. The reliability tag on Honda will also be gone. In short, high standards are not giving profit but long-term loss.

cars. Prices are high too much, so people will avoid buying the vehicles on very high rats and rush towards other companies. By this, Honda will not be able to sell their cars on new rates and the older rates. This would lead to a negative impact on the production of Honda cars. The reliability tag on Honda will also be gone. In short, high standards are not giving profit but long-term loss.

In this article, we have discussed how much Honda imported to people and how HONDA broke their trust. As a reliable, best, advanced company, Honda increased the prices way too much, and now it will have a lasting impact on its sale and production. There is a significant margin in high rates than the older ones. Some of the reasons for increasing prices are considerable but earning profit more than you deserve bad.

talha seo

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