Toyota Motor Corporation is set to raise prices on some of its vehicles sold in the United States starting next month. The price increase will exceed $200, with Toyota models seeing an average rise of $270 and Lexus models going up by $208. According to a Toyota spokesperson, this adjustment is part of routine pricing updates, determined by market conditions and competition factors. However, no further details were provided.
Earlier this month, Mitsubishi Motors also announced a price hike for three of its models in the U.S., citing inflation as a reason for the regular adjustment. Japanese automakers, including Toyota, heavily rely on imported supplies for the U.S. market and are currently navigating the impact of tariffs imposed by the U.S. government on imported vehicles and parts.
