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Australia’s biggest seller of new motor vehicles – Japanese car giant Toyota – has just announced a new round of price rises, which will apply to thousands of customers in the queue.
Prices for some of Australia’s most popular new Toyota cars are about to go up for the second time this year – as wait times continue to stretch from six months to two years.
Toyota Australia has advised dealers to expect price rises for all but three models from July 2023.
The latest round of Toyota price rises – which range from $160 to $1890 – follow an increase announced in January 2023.
Popular models such as the Toyota RAV4 Hybrid (up $1710) and Toyota Camry Hybrid (up $1830) have been impacted by the highest price rises despite wait times ranging from 12 months to two years.
The Toyota HiAce vans and Toyota HiLux ute have wait times of six to 12 months, depending on the variant.
The unprecedented delays are now primarily caused by a sharp increase in demand for Toyota cars rather than production delays and shipping bottlenecks.
However, because the delays now stretch across model-year updates, Toyota last year began providing customers with a separate document when they sign on the dotted line, advising price and equipment could change before the vehicle arrives.
Customers are entitled to a refund of their deposit at any point of the ordering process – until the vehicle is registered in their name – if they don’t agree to the new price or equipment.
This means most customers already in the queue will be hit with the latest round of price rises – unless their vehicle was manufactured prior to September 2022 (Kluger) or November 2022 (all other models).
Given most vehicles meeting the above criteria have already been delivered, the majority of customers who take delivery of their new Toyota after 1 July 2023 will be hit with the latest price rises.
Toyota Australia has advised dealers that while the latest price hikes “may be unwelcome … please understand we have carefully considered all factors before making such a decision”.
The only exceptions to the prices rises: some (but not all) Toyota models subject to Luxury Car Tax.
As the minimum price threshold for Luxury Car Tax – an extra 33 per cent charge of top of GST, mandated by the Federal Government – creeps up according to CPI, the recommended retail prices of certain models have come down.
Below is the list of Toyota Australia price rises due from 1 July 2023. While care has been taken to avoid errors, this is a guide only. Please check with your local Toyota dealer for the most up-to-date information.
- Toyota Camry: up $1830
- Toyota Corolla Cross: up $980
- Toyota Corolla hatch: up $980
- Toyota Corolla sedan: up $640
- Toyota GR Corolla: up $1890
- Toyota GR Yaris: up $1890
- Toyota RAV4: up $1710
- Toyota Supra: up $380
- Toyota Yaris Cross: up $160
- Toyota Yaris hatch: up $160
- Toyota Granvia (standard model): up $690
- Toyota Granvia VX: down $840
- Toyota HiAce bus: up $1110
- Toyota HiAce van: up $760
- Toyota Kluger GX, GXL petrol: up $670
- Toyota Kluger 2WD Grande petrol: up $247
- Toyota Kluger AWD Grande petrol: down $470
- Toyota Kluger hybrid (all models): up $670
- Toyota Prado GX, GXL: no change
- Toyota Prado VX: down $1500
- Toyota Prado Kakadu: down $1530
- Toyota LandCruiser 300: up $1620
- Toyota HiLux 4×2 single-cab petrol and diesel: up $1100
- Toyota HiLux 4×2 extra-cab diesel: up $690
- Toyota HiLux 4×2 double-cab petrol and diesel: up $690
- Toyota HiLux 4×4 all models: up $560
- Toyota Fortuner all models: up $1810
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