Toyota Motor Corp. Tm will implement a price increase on certain vehicles that will be sold in the United States with more than $ 200 from next month.
What happened: Some models under the Toyota And Lexus Brands will see the price increases on average $ 270 and $ 208, as stated by Nobu SunagaA spokesperson for the Japanese automaker, according to A Bloomberg report on Saturday.
This adjustment is part of a routine assessment, with new prices determined by factors such as market conditions and competition, Sunaga stated in an e -mail.
The price revision follows Mitsubishi Motors Corp.The recent announcement of increased American prices for three models, referring to regular adjustments to take into account inflation.
Japanese car manufacturers, including Toyota, are highly dependent on the input to deliver the American market and have to do with the impact of rates on imported cars and parts imposed by the president Donald Trump.
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Why it matters: The decision of Toyota Increasing prices is amid a background of increasing rates that influence the car industry. President Donald Trump has implemented a rate of 50% on steel imports, which has considerably increased the production costs for car manufacturers in the US, which may add almost $ 2,000 to the costs of each vehicle.
Supplementary, Ford Motor Co. F Recently announced price increases for some of his vehicles produced by Mexico, stating auto rate uncertainty. This trend reflects the wider response of the industry at the rates, which have been an important factor in the price strategies of car manufacturers.
Moreover, President Trump has shining on the possibility of further increasing the car rates to encourage domestic production.
These rates may increase imported car prices by a maximum of $ 15,000, according to Goldman Sachs.
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