GM Raising Prices on Most of Their Vehicles

GM recently announced that effective May 2, the price of most new GM vehicles will go up by an average of $123 due to higher oil and metals costs.

Toyota and Ford have already increased prices this year.

On April 4, Ford Motors announced a 0.4 percent price hike, raising the average new Ford sticker by $117.

In March, Toyota announced a 2 percent hike for select models.

Last month's disaster in Japan have placed a strain on new car production for both Japanese and American automakers, resulting in a strain on consumers' pocketbooks.

If you're considering buying a GM vehicle (Chevrolet, Cadillac, Buick or GMC), you should try to buy one with a production date before May 2nd to take advantage of the lower price.

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