The increases average $270 for Toyota and $208 for Lexus models due to ongoing import tariff pressures.

Toyota is the latest car maker with plans to raise vehicle prices in the US. The price hikes apply to Toyota and Lexus-branded models built from July 1. Here’s how much more you can expect to pay.

Toyota Motor Corporation TM will increase prices for select vehicles in the United States by more than $200, starting in July. Prices of Toyota-branded models will rise by an average of $270.

Toyota and its luxury brand Lexus will increase prices on select models by an average of $270 and $208, respectively. Opens in new window. Skip to main content.

U.S. tariffs did not directly influence the price increase, a spokesperson said. ... Prices for Lexus models, Toyota's luxury brand, would also increase by an average of $208, he said.

Toyota has an ambitious goal to begin selling one million hybrids per year by early next decade, and the Japanese automaker's home market Crown sedan reveals part of Toyota's strategy. The Crown ...

Prices for 2024 start at $28,745 (all prices include $1,095 destination charge) with the front-wheel-drive LE grade. That’s an increase of $200 over the 2023 model, which started at $28,454.

Toyota’s Hybridized EV Strategy Is Expensive. ... Only a company as large as Toyota 7203 0.47 % increase; green up pointing triangle can still afford to hedge its bets on the future of cars.

Toyota’s pioneering development of gas-electric hybrids and plug-in hybrids to increase mileage and thereby reduce CO2, the current CEO argues, is more practical in the short term.

With this strategy, Toyota is looking to compete with rival mass-market automakers like GM and Ford, who are also working on a wide variety of new EV models that will launch between now and 2030.

Toyota has plans to significantly increase hybrid production and sales. A hybrid version of its Tacoma pickup is rolling out. A redesigned Camry sedan, due this spring, will be available only as a ...

The bigger number represents a 63% increase on the record 1.84 million vehicles it produced in China in 2022. Last year it produced 1.75 million vehicles there.