Toyota And Lexus Will Raise Prices On Some Models In July

Toyota is one of the largest automobile manufacturers in America, yet the brand still faces significant exposure to American import tariffs. Toyota imports all 4Runners from Japan, all Tacomas from Mexico, and all Lexus RX crossovers from Canada – and that’s only three vehicles from a lengthy list. Most people expect Toyota to pass the increased cost burden on to the consumer, and well, prices are going up. Toyota and Lexus vehicles will be more expensive in July, but the hike is significantly less than many anticipated.