Mid-year car price increases
Saturday, March 26th, 2011
In recent years domestic car manufacturers have often increased prices a number of times over the course of the model year. Though the price increases were usually small, performed three or more times during the year they could add up.
This year, though, GM, Ford and Chrysler haven’t increased prices nearly as often, or as much. Perhaps they really are trying to sell cars with lower incentives. In the past, when they increased priced they often had to subsequently increase the rebate as well, so there was no net gain anyway.
Instead, foreign car manufacturers have been more likely to raise prices. Especially if they’re Japanese they might be reacting to the strengthening of the yen.