In its simplest form, the law of supply and demand dictates that the increasing demand for an item necessitates an increase in its selling price. Well, that seems to be the case for the Morgan 3-Wheeler since the British carmaker's Philippine distributor, White Knight Automobiles, has jacked up the price of the model's Standard and Gulf variants.
Despite being a month away from the distributorship's official launch, White Knight Automobiles has increased the price of the 3-Wheeler Standard from P2.7 million to P2.795 million, while the 3-Wheeler Gulf is now at P3.295 million from the previous price of P3.1 million.
The 3-Wheeler Superdry, thankfully, remains the same at P2.995 million.
What do you think of the new prices of the Standard and Gulf variants of the 3-Wheeler? Should White Knight Automobiles have kept the original prices at least until after the launch, or is it making the right move since the car seems to be really in demand?