BLOG: New Car Prices Are Rising
By Jim Donovan: If you are in the market for a new vehicle, prices are slowly creeping up. According to Edmunds.com, overall prices increased $150 in the first week of May compared to the previous week and $350 since the March earthquake. Japanese cars had a higher increase in prices than any other origin: $250 more than the last week in April.
The automotive segments with the largest increases are: midsize cars -up about $220 or 0.9%, compact cars - up about $160 per vehicle or 0.8%, full size cars - up about $230 or 0.7%
Some popular models showing notable price increases include:
Accord: up about $480
CRV: up about $300
Pilot: up about $330
Camry up about $120
Corolla: up about $220
Prius: up about $50
Fusion: up about $150
Malibu: up about $50
Cruze: up about $120
Mazda3: up about $200
