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The cost of materials that go into making your car are getting more expensive, specifically steel and other commodities, and General Motors has decided to pass that extra cost onto the consumer by raising the price of its 2008 model line an average of 1.5%. Hey, at least they're being up front about it. The increase also won't affect every car. The 2008 Chevy Malibu and Saturn Aura, for instance, won't go up at all. Most other vehicles, however, will see a price increase of between $100 to $500, while the MSRP of the Cadillac XLR gets slapped with an extra $1,500. GM tells us that the increase doesn't apply to vehicles already in dealer stock, only to vehicles invoiced to dealers on or after today, December 19th. Even with the price increases, GM still claims its 2008 line of vehicles "remain the best value in the market place" thanks to its "best warranty coverage of any full-line manufacturer" and "award-winning designs". That's a bold claim to make with brand's like Hyundai and Kia in the marketplace, as well as other import automakers that don't have to also roll up huge legacy costs into the price of their vehicles.

[Source: GM, Photo by Justin Sullivan/Getty]

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GM raising prices 1.5% on average originally appeared on Autoblog on Wed, 19 Dec 2007 12:19:00 EST. Please see our terms for use of feeds.

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