Honda Malaysia says no 2023 price increase for now

Honda Malaysia says no 2023 price increase for now

There have been some movements in car prices this week as we enter 2023, and we’ve already seen bumps in RRP for certain Toyota sedan models and some lower-end variants of the Nissan Navara. However, Honda Malaysia (HM) will not be increasing prices for now, even if the conditions are described as ‘challenging’.

“Despite the current challenging situation, Honda Malaysia will maintain its car prices as of now. Our priority is to continue providing highest quality products and deliver to customers in timely manner,” a HM spokesman told paultan.org today when queried on the matter.

This means that it’s status quo for prices of popular Honda models such as the City, Civic, CR-V and the latest HR-V. The latter, launched to much fanfare in July 2022, has a substantial waiting list due to high demand, and the latter part of the above statement is a reminder than HM is aware of the situation and is making delivery a main priority.

By the way, Honda Malaysia’s entire line-up is CKD locally assembled in Melaka. Perhaps that gives the company a bit more ‘cushion’ when it comes to price movements. The Toyota Corolla/Camry and Nissan Navara are CBU imports from Thailand.

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Danny Tan

Danny Tan loves driving as much as he loves a certain herbal meat soup, and sweet engine music as much as drum beats. He has been in the auto industry since 2006, previously filling the pages of two motoring magazines before joining this website. Enjoys detailing the experience more than the technical details.

 

Comments

  • Civic Turbo 2018 on Jan 04, 2023 at 2:36 pm

    The advantage of high-volume sale

    Like or Dislike: Thumb up 16 Thumb down 14
    • Dah Menang Semua on Jan 04, 2023 at 5:44 pm

      Quoting what Danny written in the article, these models are relatively safe from becoming more expensive in the near-term…

      “This means that it’s status quo for prices of popular Honda models such as the City, Civic, CR-V and the latest HR-V. The latter, launched to much fanfare in July 2022, has a substantial waiting list due to high demand, and the latter part of the above statement is a reminder than HM is aware of the situation and is making delivery a main priority.”

      Like or Dislike: Thumb up 3 Thumb down 1
  • Sohai on Jan 04, 2023 at 2:42 pm

    Bravo Honda, good for you. Let’s hope more car makers will adopt the same. You have my utmost respect

    Like or Dislike: Thumb up 17 Thumb down 9
  • Can’t believe they still haven’t changed suppliers for their steering rack, no wonder price doesn’t need to increase.

    Like or Dislike: Thumb up 9 Thumb down 10
    • Melania Rosmah on Jan 04, 2023 at 5:01 pm

      My Accord..the steering rack changed 3 times,still leaking..engine is a leaking engine..Whole blardy car is a ripoff in terms of quality..nice to look n drive but voluptuously costly in repairs.

      Like or Dislike: Thumb up 21 Thumb down 4
  • ROTI CANAI on Jan 04, 2023 at 3:41 pm

    still want increase, no blind spot monitor, reverse camera from 2008? honda seaweed at 170k, syabas la

    Like or Dislike: Thumb up 23 Thumb down 2
  • Honda on Jan 04, 2023 at 3:53 pm

    Of course no price hike, car also cannot deliver. Takes more than half a year at least

    Like or Dislike: Thumb up 9 Thumb down 3
  • key word: for now. don’t jump for joy just yet

    Like or Dislike: Thumb up 4 Thumb down 0
  • Sam Loo on Jan 04, 2023 at 5:11 pm

    Toyota can increase because Rakyat are willing to pay a premium for quality.

    Like or Dislike: Thumb up 4 Thumb down 24
  • Power Of dreams on Jan 04, 2023 at 7:09 pm

    In other words, HM implied that their Current price had already anticipated it and Factored The price increase well ahead than competitors ! Syabas the power Of dreams!

    Like or Dislike: Thumb up 0 Thumb down 1
  • haha…
    HondaMT:”need to increase”
    Honda cheap labour:”But but… already expensive”
    HondaMT:”Oh… ok. No increase”

    Like or Dislike: Thumb up 7 Thumb down 0
  • Hahahaha on Jan 05, 2023 at 7:23 am

    Some will say ‘wow Honda is amazing, no price increase’. All the while forgetting that Honda is not running a charity so they need to cover overhead. If they can still make profit on the current price then no need to increase the price then. That means, wehave been overcharge all these while.

    Like or Dislike: Thumb up 0 Thumb down 3
  • stranger on Jan 05, 2023 at 1:36 pm

    in 2022 Civic price increase so high with latest lame model compared to ketam. HRV also increase like nobody business. then suddenly “Honda no price increase”

    Like or Dislike: Thumb up 2 Thumb down 1
  • Wong Kung Huat on Feb 07, 2023 at 8:26 pm

    CRV order on 29june last year in Sibu not arrive??

    Like or Dislike: Thumb up 0 Thumb down 0
 

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