Apparently automotive pricing in Japan is not quite as flexible as it is here in the U.S. Unlike the U.S. market, where it's not uncommon for manufacturers to adjust prices several times in a single model year, carmakers in Japan generally don't adjust prices until a model change. Toyota hasn't made a mid-cycle price adjustment in thirty years. However, the pressure of rising raw material prices has pushed Toyota too far so the company is raising prices on the Prius and Harrier (called the Highl
During a dealer teleconference today, General Motors announced it would be launching a zero-percent financing sale beginning tomorrow, while simultaneously raising the prices of its 2009 vehicles.
Most would argue that BMWs already flirt with being overpriced, though Munich would argue with you. The dollar's drop has hurt BMW's ability to earn a margin on each vehicle it sells in the United States, so prices will be bumped by one-percent beginning in June. BMW has taken a 17-percent whack in income for the first three months of 2008 as sales have slowed, the dollar weakened, low resale values, and bad debts have cost the luxury automaker. Though it's facing a slight slowdown due to those
Mercedes has a novel idea to simulate sales of its sluggish-selling Rolls-Royce competitor. Since it's not selling as well as the company had hoped, why not crank up the price? The Maybach 57 and 62 have both received a $3,500 price increase for the 2008 model year, bringing their total tallies to $341,750 and $392,750 respectively. The Maybach marque has not lived up to Mercedes' expectations, so the German automaker been quietly smothering franchises with pillows, reducing the count of Maybach