When demand decreases, it creates an excess supply at the old equilibrium price. This leads to competition among sellers, which reduces the price. Decrease in price leads to rise in demand and fall in supply. These changes continue till the new equilibrium is established.
There are over 50 Honda models, and Pakistan might have only few of those. Currently Civic and City are dominating the Honda market. But Honda Vezel, Honda Jazz, Honda CR-V are more popular than Civic and City in Europe.
When it comes to wanting a product, price doesn't really matter. Honda is targeting those who can afford and stay in the status symbol circle.
Honda is considered sophisticated choice.