Toyota Is Planning Price Hikes

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Toyota is planning to increase the price of few cars in certain limits

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Comapny took this decision after facing some losses in the financial year.

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Taxes are increasing and company is facing quarterly losses thats why they took this decision

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Companies chief executives are planning, how much price should be increased.

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They are planning to drop base models to effectively increase the price of entry

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Losing the base option typically means losing the vehicle with the lowest manufacturer profit margin.

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On November 1, at a quarterly results release, the upcoming price hikes were announced.

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To compensate for regional operational losses for the company's North American division, changes must be made.

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The hatchback Corolla's price increased by $1800 for the SE and by $2315 for the XSE.

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Toyota has reduced the Corolla hybrid's starting price by $1250.

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