Toyota hikes US auto prices, says move is not tariff-driven

Anabelle Colaco
25 Jun 2025, 14:59 GMT+10

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

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.

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Rio De Janeiro Sun.

More Information

null in null

South America

Section

New road will remain as symbol of India-Guyana "deep friendship": Jaishankar as Phase I of Ogle to Eccles portion of the East Coast-East Bank road linkage project is commissioned

Georgetown [Guyana], July 1 (ANI): As Guyana President Irfaan Ali commissioned Phase I of the Ogle to Eccles portion of the East Coast-East...

PERU-CUSCO-INTI RAYMI-INCA FESTIVAL

(250701) -- CUSCO, July 1, 2025 (Xinhua) -- This photo taken on June 20, 2025 shows people celebrating Inti Raymi, or the Festival...

ARGENTINA-BUENOS AIRES-YPF-U.S.-RULING-APPEAL

(250701) -- BUENOS AIRES, July 1, 2025 (Xinhua) -- This photo taken on June 30, 2025 shows a YPF logo in Buenos Aires, Argentina. Argentina...

"Super Premium Frequent Flier PM...": Cong MP Jairam Ramesh attacks PM Narendra Modi ahead of his 5-nation visit

New Delhi [India], July 1 (ANI): Congress MP Jairam Ramesh took a jibe at Prime Minister Narendra Modi on Tuesday, ahead of his five-nation...

Interview: Bolivia values brotherhood with China, says FM

Both Bolivia and China share a firm commitment to defending multilateralism and upholding the vision of the Global South, Bolivian...

(SP)U.S.-CHARLOTTE-FOOTBALL-FIFA CLUB WORLD CUP-FC INTER MILAN VS FLUMINENSE FC

(250701) -- CHARLOTTE, July 1, 2025 (Xinhua) -- Thiago Silva (top) of Fluminense FC celebrates for the goal of teammate Hercules during...

International

Section