Honda has announced price rises for 10 different models across its HR-V, CR-V, and Accord line-ups, with each increasing coming into effect this week.
The price increases range from between $100 and $2000, with Honda stating that the decision is a response to ongoing inflation and supply chain concerns.
One of the brand’s most popular nameplates, the HR-V, is the most impacted. Its e:HEV L hybrid flagship has had its retail price jump by $2000, from $45,000 to $47,000.
The Accord VTi-LX petrol has had its price increased by $500, to $57,900. And eight of the nine variants of CR-V offered locally have incurred a price jump of between $100 and $300 depending on the model.
The price rises are the latest in a series of adjustments for Honda. It recently increased the price of its Accord hybrid by $1500. This is also the second time the marque has adjusted the prices of most of its CR-V models.
“A number of models/grades in the Honda line-up received pricing adjustments as of August 1, which are reflective of the current market conditions, with demand continuing to exceed forecast production levels and the global supply chain continuing to be impacted by parts shortages, rising raw material and energy prices, and other logistics challenges,” said Honda Australia in a statement.
“Honda’s price protection policy will apply to any contracts signed prior to the change, where the vehicle is yet to be delivered. This means there will be no change for customers who signed a contract prior to August 1 – the drive-away price will remain unchanged at the pre-price-rise level.
“With a build-up of customer orders resulting in extended lead times on a number of vehicles, such as HR-V hybrid and Accord hybrid (both currently at 10 months), the recent price changes would only come into effect on vehicles to be delivered well into 2023.”
