Toyota Raising Prices In May
Toyota will be raising prices on several of its popular models beginning in May. The price hikes range from $150 to $250 and affect the following 6 models:
- Prius V
- Camry
- Camry Hybrid
- Highlander Hybrid
- Tacoma
- Scion tC
Price increases are common throughout the year, and I wouldn't be surprised to see other manufactuers raising prices as well. Car sales are back to pre-recession levels and inventory levels remain low, which means manufacturers will be trying to squeeze some extra profits out of their vehicles.
These price increases will affect vehicles produced beginning in May, which means all current vehicles will still have the lower prices, saving you a little extra money if you purchase this month.
Here's a full break-down of the price hikes:
| MODEL | MSRP | MSRP INCREASE ($) | MSRP INCREASE (%) | NEW MSRP |
|---|---|---|---|---|
| Prius v Two | $26,400 | $150 | 0.60% | $26,550 |
| Prius v Three | $27,165 | $150 | 0.60% | $27,315 |
| Prius v Five | $29,990 | $150 | 0.50% | $30,140 |
| Camry L | $21,955 | $100 | 0.50% | $22,055 |
| Camry LE | $22,500 | $100 | 0.40% | $22,600 |
| Camry XLE | $24,725 | $50 | 0.20% | $24,775 |
| Camry SE | $23,000 | $220 | 1.00% | $23,220 |
| Camry SE V6 | $26,640 | $270 | 1.00% | $26,910 |
| Camry XLE V6 | $29,845 | $270 | 0.90% | $30,115 |
| Camry Hybrid LE | $25,900 | $90 | 0.30% | $25,990 |
| Camry Hybrid XLE | $27,400 | $100 | 0.40% | $27,500 |
| Highlander Hybrid | $38,540 | $175 | 0.5 | $38,715 |
| Highlander Hybrid LTD | $44,195 | $175 | 0.4 | $44,370 |
| Tacoma | $16,875 | $250 | 1.50% | $17,125 |
| Tacoma | $17,775 | $250 | 1.40% | $18,025 |
| Tacoma | $19,665 | $250 | 1.30% | $19,915 |
| Tacoma | $20,565 | $250 | 1.20% | $20,815 |
| Tacoma X-Runner | $26,380 | $250 | 0.90% | $26,630 |
| Tacoma PreRunner | $21,325 | $250 | 1.20% | $21,575 |
| Tacoma PreRunner | $22,760 | $250 | 1.10% | $23,010 |
| Tacoma | $22,175 | $250 | 1.10% | $22,425 |
| Tacoma PreRunner | $22,825 | $250 | 1.10% | $23,075 |
| Tacoma PreRunner | $24,260 | $250 | 1.00% | $24,510 |
| Tacoma PreRunner | $24,760 | $250 | 1.00% | $25,010 |
| Tacoma | $20,725 | $250 | 1.20% | $20,975 |
| Tacoma | $21,855 | $250 | 1.10% | $22,105 |
| Tacoma | $23,500 | $250 | 1.10% | $23,750 |
| Tacoma | $24,400 | $250 | 1.00% | $24,650 |
| Tacoma | $25,055 | $250 | 1.00% | $25,305 |
| Tacoma | $25,935 | $250 | 1.00% | $26,185 |
| Tacoma | $26,455 | $250 | 0.90% | $26,705 |
| Tacoma | $27,335 | $250 | 0.90% | $27,585 |
| Tacoma | $27,835 | $250 | 0.90% | $28,085 |
My Recommendation for Car Shoppers
TrueCar No-Haggle, Edmunds Price Promise, and 1-800 Car Show are the quickest way to see the lowest car prices in your area. These sites show you no-haggle prices from dealers closest to you - and the deals are usually really good. This should be the first step you take when negotiating your car price. Follow this up with my checklist to make sure you squeeze out every last bit of savings.California Residents - Important:
There is a new online car buying service called Roadster, available only to California residents, which I highly recommend you try - especially if you hate the stress of haggling with a car salesman. They provide an expert concierge who negotiates the price of the car and delivers it to your home with zero hassle - you never have to interact with a dealership. Here is my in-depth review of Roadster and why I recommend it.- Gregg Fidan
About: Gregg Fidan
Gregg Fidan + is the founder of RealCarTips. After being ripped off on his first car purchase, he devoted several years to figuring out the best ways to avoid scams and negotiate the best car deals. He has written hundreds of articles on the subject of car buying and taught thousands of car shoppers how to get the best deals.
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