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Toyota will raise U.S. vehicle prices starting July due to new tariffs from the Trump administration, highlighting trade policy impacts on the auto industry.
Starting in July, Toyota and Lexus vehicles will see price hikes in the market. On average, Toyota vehicles will experience a $270 increase, while Lexus models will rise by $208. Notably, these ...
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However, Toyota’s own comments on tariffs indicate that they may have played a role in this increase, or at the very least will impact future pricing strategies.
Planning a new Toyota purchase? Be warned: prices on popular models are set to spike in July. Discover the key factors driving these increases and what it means for your next car.
Toyota is known for its high-quality cars, trucks, and SUVs for a low price, but according to a Reuters report, the company will be raising its prices soon.
Toyota announces over $200 price increase on certain models Toyota sold over 2.3 million vehicles in the U.S. last year, a 3.7% year-over-year increase.
Toyota and its luxury brand Lexus will increase prices on select models by an average of $270 and $208, respectively.
Prices for Lexus models, Toyota's luxury brand, would also increase by an average of $208, he said.
Toyota is set to become the latest automaker to raise prices in response to tariffs. In a recent interview, an executive implied “significant price increases” are necessary. Ford, Subaru, and ...
Japanese automakers, including Toyota, heavily depend on imports to supply the US market and have been dealing with the impact of tariffs on imported cars and parts imposed by President Donald Trump.
Car prices rise as auto giants start feeling tariff effects The first batch of car pricing data since new vehicle tariffs went into effect show an increase as a global trade war upends the industry.