Latest news with #NobuSunaga
Canada News.Net
25-06-2025
- Automotive
- Canada News.Net
Lexus, Toyota models to get modest price bump in US starting July
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.
Auto Blog
24-06-2025
- Automotive
- Auto Blog
Buying A New Toyota? Better Do It This Month
Toyota Increasing Prices From July Bad news. If you're waiting to buy a new Toyota, you may want to get a move on. According to Reuters, both Toyota and Lexus will be hiking prices from next month. The good news is that the prices will increase by a relatively small amount, with Toyota MSRPs to rise by an average of $270 and Lexus prices to be increased by an average of $208. Interestingly, a spokesperson told the publication that these new increases aren't a response to President Trump's sweeping 25 percent tariff on imported vehicles. Perhaps they aren't directly so, but one can't help but wonder how significant the increases, if any, might have been with less uncertainty over future U.S. trade policy. Unclear Which Models Will Be Affected Source: Toyota 'The latest price hike is part of our regular review of the prices,' Toyota spokesperson Nobu Sunaga said. Historically speaking, we can't argue with that. Price adjustments come from every automaker every year, and a mid-year bump of a couple of hundred dollars is not unusual. However, Toyota's own comments on tariffs indicate that they may have played a role in this increase, or at the very least will impact future pricing strategies. Last month, the automaker told Autoblog that the tariffs may put many products 'out of reach for a lot of Americans,' which tells us that Toyota won't be able to keep its price adjustments to this minor level for long without new strategies. Toyota Is Working On U.S. Production Toyota never sits on its hands, and it's not doing so now. According to a separate report from Reuters published in April, Toyota is considering producing the new RAV4 in Georgetown, Kentucky, from 2027. The current model is produced in Kentucky, Canada, and Japan, but the new model was meant to be imported to America from either of the latter two regions. Now, the RAV4 may return to Kentucky to meet demand, though Toyota has yet to confirm or deny this claim. Whatever happens next, pricing increases are not likely to slow down anytime soon, no matter which brand you favor. Mitsubishi prices recently saw an unexpected bump, premium automaker BMW is set to do the same, and even the automotive giant that is Hyundai says it can't shield buyers from price adjustments forever. About the Author Sebastian Cenizo View Profile
Miami Herald
24-06-2025
- Automotive
- Miami Herald
Buying A New Toyota? Better Do It This Month
Bad news. If you're waiting to buy a new Toyota, you may want to get a move on. According to Reuters, both Toyota and Lexus will be hiking prices from next month. The good news is that the prices will increase by a relatively small amount, with Toyota MSRPs to rise by an average of $270 and Lexus prices to be increased by an average of $208. Interestingly, a spokesperson told the publication that these new increases aren't a response to President Trump's sweeping 25 percent tariff on imported vehicles. Perhaps they aren't directly so, but one can't help but wonder how significant the increases, if any, might have been with less uncertainty over future U.S. trade policy. "The latest price hike is part of our regular review of the prices," Toyota spokesperson Nobu Sunaga said. Historically speaking, we can't argue with that. Price adjustments come from every automaker every year, and a mid-year bump of a couple of hundred dollars is not unusual. However, Toyota's own comments on tariffs indicate that they may have played a role in this increase, or at the very least will impact future pricing strategies. Last month, the automaker told Autoblog that the tariffs may put many products "out of reach for a lot of Americans," which tells us that Toyota won't be able to keep its price adjustments to this minor level for long without new strategies. Toyota never sits on its hands, and it's not doing so now. According to a separate report from Reuters published in April, Toyota is considering producing the new RAV4 in Georgetown, Kentucky, from 2027. The current model is produced in Kentucky, Canada, and Japan, but the new model was meant to be imported to America from either of the latter two regions. Now, the RAV4 may return to Kentucky to meet demand, though Toyota has yet to confirm or deny this claim. Whatever happens next, pricing increases are not likely to slow down anytime soon, no matter which brand you favor. Mitsubishi prices recently saw an unexpected bump, premium automaker BMW is set to do the same, and even the automotive giant that is Hyundai says it can't shield buyers from price adjustments forever. Related: The Shocking Truth About New Car Prices Right Now Copyright 2025 The Arena Group, Inc. All Rights Reserved.
Yahoo
24-06-2025
- Automotive
- Yahoo
Toyota to Hike Vehicle Prices by More Than $200 in the United States
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. While this move comes after President Donald Trump imposed a 25% tariff on imported vehicles and parts, per a Toyota spokesperson, the tariff was not a direct factor in the Nobu Sunaga, a spokesperson for Toyota, prices for Lexus, Toyota's premium brand, will also rise by an average of $208. Per the company, the price adjustments are part of routine updates, which consider factors like market trends and RAV4 crossover remains Toyota's top-selling model in the United States and has a current starting price of $29,250. At this price, buyers get the LE trim equipped with a 2.5-liter four-cylinder engine, paired with a DirectShift eight-speed automatic transmission and front-wheel drive. Beginning July 1, the starting price is set to rise to $29,520. The Camry ranks as the second most popular Toyota in the United States, starting at $28,700. The pricing change follows a similar move by Mitsubishi Motors Corp., which also raised prices for three U.S. models this month, attributing the increase to inflation and standard pricing reviews. Japanese automakers, who largely depend on imports for the U.S. market, have been affected by the recent tariffs on imported vehicles and 2024, Toyota Motor North America sold 2,332,623 vehicles, up 3.7% from 2023. Electrified vehicle sales reached a record 1,006,461 units, marking a 53.1% year-over-year rise and accounting for 43.1% of total sales. The Toyota brand sold 883,426 electrified vehicles in 2024, up 56.1% year over year, while Lexus sold 123,035 EVs, up 34.4%, both setting new expects operating income for fiscal 2026 to be ¥3.8 trillion, indicating a contraction of 20.8% year over year. Material prices and tariffs imposed by the U.S. government on vehicle and vehicle parts imports, along with investment in human resources and growth areas, are expected to be a big hit on the operating profits in the current fiscal year. In fiscal 2026, Toyota plans to spend a total of ¥1 trillion on these. Pretax profit is estimated to be ¥4.41 trillion, implying a decline from ¥6.41 trillion generated in fiscal 2025. Toyota Motor carries a Zacks Rank #3 (Hold) at better-ranked stocks in the auto space are CarGurus, Inc. CARG, Strattec Security Corporation STRT and Michelin MGDDY, each sporting a Zacks Rank #1 (Strong Buy) at present. You can see the complete list of today's Zacks #1 Rank stocks Zacks Consensus Estimate for CARG's 2025 sales and earnings implies year-over-year growth of 4.96% and 25%, respectively. EPS estimates for 2025 and 2026 have improved 30 cents and 44 cents, respectively, in the past 60 Zacks Consensus Estimate for STRT's fiscal 2025 sales and earnings implies year-over-year growth of 3.49% and 8.11%, respectively. EPS estimates for fiscal 2025 and 2026 have improved 73 cents and 91 cents, respectively, in the past 60 Zacks Consensus Estimate for MGDDY's 2025 sales and earnings implies year-over-year growth of 1.69% and 37.76%, respectively. EPS estimates for 2025 and 2026 have improved a penny and seven cents, respectively, in the past 30 days. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Toyota Motor Corporation (TM) : Free Stock Analysis Report Strattec Security Corporation (STRT) : Free Stock Analysis Report Michelin (MGDDY) : Free Stock Analysis Report CarGurus, Inc. (CARG) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
TimesLIVE
23-06-2025
- Automotive
- TimesLIVE
Toyota to raise US car prices by average $270 from July
Japanese carmaker Toyota said on Saturday it will raise prices for some vehicles sold in the US by an average of $270 (R4,883) starting in July. The carmaker's decision follows US President Donald Trump's imposition of a 25% tariff on imported vehicles and car parts. A Toyota spokesperson, however, denied the tariff directly influenced the price increase. "The latest price hike is part of our regular review of prices," said Nobu Sunaga, a Toyota spokesperson. Prices for Lexus models, Toyota's luxury brand, would increase by an average of $208 (R3,761), he said.
