Retail

Toyota says $50,000-plus average new-car prices coming this year

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Jack Hollis, Toyota Motor North America: "We're going to see that it's a year of really two halves — whether it's Toyota or Lexus."
March 27, 2023 08:33 PM

Top executives at Toyota's North American operations anticipate new-vehicle average transaction prices will break the $50,000 barrier and continue to rise, that demand will outstrip supply again this year even as the supply chain recovers and that there now may be as many as 6 million potential new-vehicle buyers sidelined by inventory and pricing.

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