The Law Of Supply And Demand Is In Full Effect With The Honda Civic Type R
In today’s news that should surprise absolutely no one, Honda dealerships across the U.S. are marking up the prices of the 2017 Honda Civic Type R, making it a little more difficult for customers to get their hands on one. As if the hot hatch’s limited availability isn’t a thorn on their side already, customers now face the prospect of being forced to pay more than Honda’s $33,900 asking price for the Civic Type R. Prices vary depending on the dealership, but members of the Civic X forum are reporting some charging premiums around $30,000.
Naturally, enthusiasts are up in arms over getting priced out of the car they’ve waited years to arrive in the U.S. But with the car limited to just 6,000 units coming stateside, one of the most fundamental principles of economics is being applied here, much to the chagrin of enthusiasts across the country. It’s a simple equation, really. Supplies of the car are limited and demand for these cars are going through the roof, so these dealerships are asking more for it to take advantage of the high demand. It’s a practice that has ruffled more than a few feathers, but it’s hard to disagree on the tactic from a business point of view. The news isn’t all bad. Some dealerships are only asking premiums of $1,500 to $5,000 so those prices are still manageable enough for customers who can afford them. But as far as those asking in excess of $10,000 or more, it’s going to be interesting to see how that inventory goes in the coming months. One thing appears to be clear, though. Several members on the Civic X forum admit to asking for their deposits back, so at the very least, there are a few more Civic Type Rs out there that are up for grabs, provided someone’s willing to pay the rediculous premium.
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Earlier this month we named TopSpeed’s picks for car, truck, and performance car of the year. Following out strict criteria of judging things like overall improvement in design, safety, value and intended function (among other things,) we chose the Mazda MX-5 Miata as the car of the year, and the Nisan Titan XD as truck of the year. Following our points system, the Miata and Titan scored 32 points and 30 points, respectively. It was a relatively close battle, though, with the 2016 Honda Civic taking 20 points and the 2016 Volvo XC90 taking 24 points, earning them both a second place spot on our list in their respective segments. As it turns out, those second place picks have officially been named Car and Truck of the year, so you could say we judged the automotive market pretty well this year.
The North American Car of the Year and Truck of the Year is chosen by a group of 53 international automotive journalists. All 53 journalists are from the U.S. or Canada, and they carefully consider each model before naming the absolute best. Sometimes it can be difficult to get a small group of people to agree on something, so just imagine the conversations between this select group of people.
When it comes to deciding a winner for each category, the journalists take into consideration things like design, safety, performance, innovation, value, and even driver satisfaction. I’m sure it wasn’t a very easy choice to come to, but this year, the group chose the 2016 Honda Civic as the North American Car of the Year and the Volvo XC90 as the 2016 North American Truck of the Year.
The 2016 Honda Civic was redesigned for the 2016 model year, and was underpinned by a whole new vehicle platform. Safety features included things like Honda Sensing and a list of semi-autonomous technologies like lane departure warning with lane keep assist, road departure mitigation, adaptive cruise control, and an automatic emergency braking system. It is also the first compact car in the world to include Apple CarPlay and Android Auto as part of its infotainment system. It’s also the first Civic to take on Honda’s turbo engine technology. It should be noted that both the Sedan and Coupe variants of the Civic are built in either Indiana or Ontario, using domestic and globally sourced parts.
The Volvo XC90 was chosen as Truck of the Year by the same 53 automotive journalists. This year, it too is built on a whole new architecture and includes a whole new powertrain and semi-autonomous technology. Offering up configurations in the five- or seven-passenger variety, the XC90 is a trusted family hauler, and available with several engine configurations. At the low end, the XC90 offers up 250 horsepower, while a 316 horsepower turbocharged engine is also available. In hybrid form, the XC90 offers up and amazing 400 horsepower and 53 MPGe – the first seven-passenger plug-in hybrid vehicle. Like all Volvo models, the XC90 comes with Volvo’s amazing City Safety system that includes automatic emergency braking, pilot assist, and pedestrian protection. The XC90 was also on the IIHS’ Safety Pick+ list.
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With the calendar turning over a new page to 2012, the very first major auto show is set to open its doors in Detroit when the North American International Auto Show welcomes automakers - both local and foreign - to the Motor City.
This year, American brands are coming to Detroit in full force where they will be joined by a number of international automakers in presenting a steady diet of concept cars, production debuts, and just about everything else in between.
Among the notable debuts set to take place include the brand-new 2013 Mercedes-Benz SL, as well as the 2013 Bentley Continental GT V8. German automaker Porsche has also penciled in the 911 Cabriolet for the festivities, while Lexus will be on-hand to display the intriguing and mysterious LF-LC 2+2 sports coupe concept.
As for the local contingent, Ford is leading the way with the premiere of the Fusion global mid-size sedan while Dodge is set to introduce their Alfa Romeo Giulietta-based compact sedan, the Dart.
There’s plenty of action headed to Detroit when the 2012 NAIAS opens its doors on January 14th. Head over after the jump to check out a preview of all the cars scheduled to be part of all the festivities.
The launch of the 2006 Legend prompts a few key questions. One of the most pertinent of these is: why is a large-market manufacturer like Honda tackling the competitive prestige arena?
Well, consider it, if you will, as part of the bigger Honda picture. Legend is the next – and perhaps most important – stage of Honda’s rise up the class ladder.
The Accord has already made a significant dent in the German dominated Upper-medium D-sector. It offers not just supreme build quality with superior (...)