Ford raises car prices by 0.4%, Toyota prices increase by up to 2.2%

Article by Christian Andrei, on April 4, 2011

Starting April 1, the prices of all of Ford Motor Co.’s 2011 models have been raised at an average of $117, or 0.4%. George Pipas, Ford’s chief sales analyst, cited “higher commodity costs” as the reason for the price increase. Pipas explained that Ford has been planning this adjustment for quite some time and that many items have been increasing, namely food, transportation, and energy. Last month, Ford had posted a 16% increase in US sales.

Dealers have been notified of the price increase but so far, the specific price adjustments on the models have not been revealed. Ford and other carmakers have said that profits will be affected by increasing commodity prices.

Toyota Motor Corp. also raised the prices of many 2011 Toyota, Scion and Lexus models by 1.7% on average. Toyota said that it had to cope with the rising yen as well as with the supply chain being disrupted by the Japan disaster.

The small imported Scion xD is now more expensive by $65 while $900 have been added to the price of the Toyota Land Cruiser and Sequoia SUVs and several Lexus models.

Toyota released a statement, revealing that the prices of its models have been raised by a value between 1.2 and 2.2%. Meanwhile, Lexus’ price increases are between 0.8% and 2.1%, ranging from $600 for the GX 460 SUV to $900 for the IS F, LS and GS 450h sedans, and the LX 570 SUV.

Topics: ford, toyota

If you liked the article, share on:

Comments

Login or Create new account to add a comment!

Recommended

The 2018 model year could be an exciting year for fans and enthusiasts of the Chevrolet Corvette. This comes as the 2018 version of the Corvette is bound to feature...
by - January 19, 2017
As if seeing the future more than a decade from now, one of the top scientists in the world of robotics and automations is predicting that children born today won’t...
by - January 19, 2017
Ford has just recently unveiled the 2018 Ford Mustang, and as it turned out, the carmaker gave its beloved pony car a facelift. There have been mixed reactions about the...
by - January 19, 2017
The bidding war for one of the only 20 examples -- 21 actually, but the 00 version went to a museum -- of the classically beautiful Lamborghini Reventon built and...
by - January 18, 2017
Bentley once again confirmed its plans to push PHEV into their future lineups. As a matter of fact, the Bentayga SUV will be the first to have the plugin hybrid...
by - January 18, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries