Anabelle Colaco
25 Jun 2025, 14:59 GMT+10
PLANO, Texas: Toyota Motor will raise prices across a range of vehicles in the United States starting next month, the Japanese automaker confirmed over the weekend. The average price hike will be US$270 per vehicle, with luxury Lexus models set to rise by $208.
The decision comes as the auto industry navigates rising input costs and geopolitical pressures, including the impact of U.S. tariffs on imported vehicles and auto parts. However, Toyota has denied that the latest price adjustment is a direct response to new trade measures.
"The latest price hike is part of our regular review of the prices," said Nobu Sunaga, a spokesperson for Toyota.
President Donald Trump recently imposed a 25 per cent tariff on imported vehicles and auto components, a move aimed at boosting domestic manufacturing. While analysts expect the new duties to put upward pressure on prices for foreign brands, Toyota has downplayed the link in this instance.
Get a daily dose of Boston Star news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Boston Star.
More InformationPLANO, Texas: Toyota Motor will raise prices across a range of vehicles in the United States starting next month, the Japanese automaker...
WASHINGTON, D.C.: U.S. business activity showed signs of softening in June while inflationary pressures continued to build, driven...
NEW YORK, New York - U.S. stock markest closed sharply higher on Tuesday as a truce entered into between Irsael and Iran after 12 days...
MENLO PARK, California: Meta is taking another swing at smart eyewear—this time with a sporty edge. The company announced a new partnership...
NEW YORK CITY, New York: U.S. stocks went up and oil prices fell this week as investors hoped that Iran would not block the global...
BARCELONA, Spain: Residents of Barcelona have devised a novel way to protest the presence of tourists in their city. Using a cheap...
WASHINGTON, D.C.: As the global weight-loss market explodes, drugmakers are now racing to solve a less visible problem: protecting...
Washington DC [US], June 23 (ANI): Actor Ezra Miller may be planning a return to Hollywood after staying out of the public eye for...
Beyond the Nature Index, numerous global rankings have also highlighted Asia's growing influence, particularly China's significant...
Michael Hull In the weeks leading up to training camp, we will look back at a few of the most pivotal seasons in Bengals history....
Saints add offensive lineman after season with Birmingham Stallions in UFL New Orleans Saints New Orleans Saints Executive Vice...
Mickey Spagnola FRISCO, TexasAnd now the Dallas Cowboys rest. Been a whirlwind offseason for sure, first on Jan. 12 moving on from...