2023 model year Honda HR-V will supposedly get a price hike across the board
If you've been trying to get a brand new Honda HR-V for the past several months, you might have experienced trouble getting a unit from dealerships. While the vehicle itself has been available since April of this year, the ongoing global parts shortage has resulted in Honda Cars Philippines Inc (HCPI) experiencing delivery delays for the HR-V.
The situation has gotten so bad that HCPI has offered the rest of its model lineup to customers since there are still little to no available units of the HR-V in the country. To make matters worse, there is news that the 2023 model year of the HR-V will supposedly be slapped with a hefty price increase across the board.
Based on a price list we received from a Honda dealership, the entry-level HR-V S CVT will start at PHP 1.389 million. If you prefer the faster HR-V V Turbo, you'll have to shell out PHP 1.648 million. Compared with the current prices, the HR-V S got a PHP 139,000 increase while the HR-V V Turbo only got a PHP 50,000 hike. The only variant not getting a price increase is the recently-launched HR-V RS which was revealed at this year's Philippine International Motor Show (PIMS).
We're not entirely sure if the 2023 model year HR-V price hike is already final. That's because upon checking the HCPI website's price guide at the time we did this article, the HR-V S is still listed at PHP 1.250 million while the HR-V V Turbo is still priced at PHP 1.598 million. But given that the price hike will only affect 2023 model year HR-Vs, perhaps all 2022 model years of the crossover will still be sold at their original sticker price.
But since Honda dealerships in the country have very limited units, this could somehow leave customers with no choice but to wait for the 2023 model year HR-Vs and pay more. HCPI has yet to release a statement as to why prices for several HR-V variants will go up. More than likely, however, this can be attributed to inflation and the weak Philippine Peso.
Another possible reason the HR-V will be increasing its prices is due to the impending arrival of the all-new BR-V. HCPI could be banking on the 7-seater crossover to increase sales due to its popularity with buyers. If we look at the price range of the upcoming BR-V, the range-topping BR-V VX with Honda Sensing is only PHP 1,000 more expensive than the 2023 HR-V S. In addition, the former already comes with two additional seats.
With still little to no HR-V units in the country combined with a supposed price hike starting next year, are you willing to buy a more expensive HR-V unit beginning in 2023? Let us know in the comments.