Toyota Prices Increasing Due to Limited Supply
This is bad news for Toyota shoppers because limited supply tends to push prices higher.
Over the next several weeks, Toyota’s U.S. plants will operate at 50% capacity until at least June 3rd.
Toyota operates 13 assembly plants in North America, producing vehicles that include the Avalon, Camry, Corolla, Highlander, and others.
Overall, about 70% of all Toyota models sold in the U.S. are made in North America.
Toyota has officially warned its 1,500 dealerships to expect shortages, especially on popular fuel-efficient models such as the Prius and Corolla.
Some Toyota dealers are concerned they will run out of inventory by the end of May or June, so don't expect great deals on Toyota this spring.
If you're wanting to purchase a Toyota and want to save as much as you can, you should do it either very soon while dealers still have supply or wait closer to the end of the year when production gets back to normal.
3 Steps Every Car Buyer Needs to Take to Save Maximum MoneyThe key to getting the best deal is to gather price or lease bids from as many local dealers as possible. Then shop that best price around until no one can beat it. Here are the steps:
Step 1 Get Prices From My Trusted NetworkSelect the vehicle you're interested in to see if there are local dealers in my network who will provide you with their best upfront price. You will get direct access to an internet sales manager who you can further negotiate with online (no need to visit dealership).
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- Gregg Fidan
Each week, I'll keep you up-to-date on the latest car deals and news that might affect your purchase. This includes...
- Best Rebates, Incentives, and Lease Deals
- Latest Car Buying Scams and Tricks
- The Best & Worst Time to Buy a Car
- Which Cars You Should Avoid