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Automakers say they're mindful of price to keep customers in fold

Toyota art
Automakers, facing sharply higher costs for key materials and technology, while demand remains strong, are expected to increase sticker prices for the 2023 model year, analysts say. (DAVID PHILLIPS)
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By:
John Huetter
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By:
Larry P. Vellequette
|
June 19, 2022 06:00 PM

Though vehicle prices command a larger share of household income than in the past, automakers call their pricing accessible and representative of consumer demand for more expensive models.

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