Toyota to Increase Prices up to $900 Next Month
Toyota has announced they will be raising prices on Toyota, Lexus, and Scion brands, to take effect next month.
Counter intuitively, the disaster in Japan isn't to blame for the elevated sticker prices, but rather the strength of the Japanese yen.
A stronger yen reduced the reported profit generated by Toyota sales in U.S. dollars.
The smallest increase comes on the Scion xD five-door, which sees a $65, or 0.4 percent bump to $15,110.
The Land Cruiser and Sequoia both see their list prices increase by $900.
Lexus IS models will increase in price by $650, while GS 450h, LS and LX 570 models all add $900 to the bottom line.
If you're thinking about getting a Toyota model, you should seriously consider doing so before the more expensive ones start arriving next month.
My Recommendation for Car ShoppersTrueCar No-Haggle, CarsDirect, and NADAGuides 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.
- Gregg Fidan
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