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Toyota Raising Prices In May
April 5, 2012
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 |
3 Steps Every Car Buyer Needs to Take to Save Maximum Money
The 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 Network
Select 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).Select Vehicle to Get Local Pricing
Step 2 Get Prices From TrueCar / CarsDirect
TrueCar, and CarsDirect are my top 2 online price quote recommendations. These services show you pre-negotiated prices from dealers closest to you - and the deals are usually pretty decent. But remember, you can still negotiate further.Step 3 Complete my Checklist
Follow this up with my checklist to make sure you squeeze out every last bit of savings.- Gregg Fidan
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