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 Chile Sun.

More Information

null in null

South America

Section

Brazil’s ex-president accused of leading illegal spy operation

BRASILIA, Brazil: Former Brazilian President Jair Bolsonaro is accused of playing a key role in an illegal surveillance operation orchestrated...

Farmers exploit loophole in Amazon soy deal to clear rainforest

SANTAREM, Brazil: As Brazil cements its position as the world's top soy exporter, a new wave of deforestation is spreading across the...

Brazil aims to restart poultry trade after bird flu clearance

SAO PAULO, Brazil: Brazil is taking confident steps to restore its dominance in global poultry exports after declaring its commercial...

Kremlin reveals how Putin will take part in BRICS summit

The Russian president will attend remotely, while Foreign Minister Sergey Lavrov will represent Russia in person ...

SPIEF 2025: Russia takes on the Wests biggest obsession

Putin says the world needs a new growth model. He might be right. When Russian President Vladimir Putin told the St. Petersburg International...

Russia takes on the Wests biggest obsession

Putin says the world needs a new growth model. He might be right. When Russian President Vladimir Putin told the St. Petersburg International...

World

Section

Brazil aims to restart poultry trade after bird flu clearance

SAO PAULO, Brazil: Brazil is taking confident steps to restore its dominance in global poultry exports after declaring its commercial...

London: International Widows Conference issues call to action "Don't Leave Widows Behind" in global push for gender equality

London [UK], June 26 (ANI): Global leaders and advocates gathered at the Commonwealth Secretariat in London on Tuesday for the International...