Price Increase Announced for 2011 Toyota, Lexus and Scion Models
Price hikes for the Toyota models range from $200 for the Yaris hatchback to $900 for the Land Cruiser and Sequoia large sports utility vehicles (SUVs). In percentage terms, the increases range between 1.2 and 2.2 percent on a model-by-model basis.
The changes come into effect for American Toyotas built in May, and for Japanese cars with a May delivery date. Cars sourced from the Asian country that are affected by the MSRP increase include the 4Runner, Corolla, FJ Cruiser, Highlander Hybrid, Land Cruiser, Prius, RAV4, Yaris Liftback and Scion xD.
Meanwhile, the 2011 Scion xD five-door urban sub-compact receives an MSRP increase of $65 or 0.4 percent. When it comes to the more high-end Lexus range start at $600 for the GX 460 luxury utility vehicle. The price hike is capped at $900 for the IS F high-performance sedan, LS flagship luxury sedans, GS 450h hybrid luxury sport sedan and LX 570 premium luxury utility vehicle. In percentage terms, Toyota has made Lexus models between 0.8 and 2.1 percent more expensive.
“Toyota MSRPs do not include a delivery, processing and handling (DPH) fee of $760 for Toyota passenger cars, $810 for Toyota small/medium trucks, and $975 for large trucks (Sequoia and Tundra only). The DPH fee for vehicles distributed by Southeast Toyota (SET) and Gulf States Toyota (GST) may vary,” Toyota says.