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Toyota and Lexus Raise Prices on Select Models

If you’ve been shopping for a 2012 Toyota or Lexus, you’ll want to head to the dealership before the automaker raises prices. Toyota announced price increases for the 2012 Corolla and Venza, which go up on Dec. 5.

“The price of the 2012 Toyota Corolla models increased between $220 and $310,” writes Edmunds. The base Corolla L will start at $16,130, while a Corolla S with an automatic transmission will cost $18,820. The 2012 Toyota Venza sees a price increase of $240, bringing the Venza LE’s base price to $27,425. On Dec. 19, Toyota will tack an additional $720 onto the 2012 Tundra regular cab’s price, which will start at $24,435 with the 4.0-liter V6 engine and five-speed automatic transmission.

The 2012 Toyota FJ Cruiser and Highlander Hybrid will also receive price increases of $125 and $400, respectively. Additionally, the 2012 Lexus CT 200h Premium, LS 460 and LS 600h L all see a price increase of $500. Toyota says that although the CT 200h Premium will cost more, the base CT 200h does not see a price increase. Price adjustments on these models will begin with December production.

Shopping for a new Toyota or Lexus? Check out the U.S. News rankings of this year's best cars. Then, look for a great deal on a new car by checking out this month’s best car deals. You can also skip negotiating with a dealer by using our Best Price Program. Also, be sure to follow us on Twitter and Facebook.

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