To combat spikes in the cost of raw materials like steel, Toyota is upping the prices on 17 Toyota, Scion, and Lexus models. The average MSRP increase for the 13 Toyota and Scion models is $181, or 0.81 percent. All Toyota vehicles are now subject to delivery, processing, and handling fees up $60 from before (that's $720 on passenger cars, $745 on light trucks). Fees increase $50 on Scion vehicles to $670 and Lexus fees stay the same.

The 2009 FJ Cruiser's increase of $275, or 1.1 percent, helps defray the costs of making new driver and front passenger active headrests, roll-sensing curtain airbags, a VSC cut-off switch, and front map light standard equipment. Three new colors -- black, silver, and Iceberg White -- are available.

The biggest price increase, though, was announced last month on the 2009 Toyota Tacoma. The average price on a Tacoma increased $1104, or 5.1 percent, over 2008 Tacoma prices.

Other models with newly announced price increases include the 2009 Toyota Land Cruiser, 2009 Toyota 4Runner, 2009 Toyota Highlander, 2009 Toyota Highlander Hybrid, 2009 Toyota Sienna, 2009 Toyota Corolla, 2009 Toyota Matrix, 2009 Scion xD, 2009 Lexus SC430, 2009 Lexus LX570, 2009 Lexus GX470, 2009 Lexus RX350, and 2008 Lexus RX400h. A list of these vehicles is shown below.

For Toyota and Scion vehicles:


VehicleIncrease in $/% New MSRP
2009 Toyota Prius $500/2.1% $22,000
2009 Toyota Camry Hybrid500/1.9 26,150
2009 Toyota Avalon 520/1.7 27,845
2009 Toyota Highlander Hybrid518/1.4 34,700
2009 Toyota FJ Cruiser 275/1.1 23,320
2009 Toyota Camry225/1.0 19,145
2009 Toyota Land Cruiser655/1.0 64,755
2009 Scion xD100/0.7 15,450
2009 Toyota 4Runner 225/0.7 28,640
2009 Toyota Corolla100/0.6 15,350
2009 Toyota Matrix100/0.5 16,290
2009 Toyota Sienna 100/0.4 24,540
2009 Toyota Highlander47/0.2 27,600

In the Lexus family, four vehicles get price increases, including the 2009 Lexus LX570, which can now be had in the Costa Azul Mica color. A Luxury Package moves the LX570 even more upmarket with semi-aniline leather seats, Bubinga wood trim, cool box, smart card key, and 20-inch wheels. Nearing the end of its life, the SC430 gets new side mirrors incorporating turn signals along with its 0.7 percent increase.

For Lexus vehicles:


VehicleIncrease in $/% New MSRP
2009 Lexus LX570 $1005/1.3% $75,705
2008 Lexus RX400h 500/1.2 42,080
2009 Lexus SC430 450/0.7 66,805
2009 Lexus GX470 300/0.6 47,615

As we noted a month ago, Carlos Ghosn said Nissan may not raise prices until Toyota does. Now that Toyota's prices are up, how long will it be until Nissan raises MSRPs across its lineup?

Source: Toyota