General Motors hiking car and truck prices

Apr 19, 2011

Higher commodity prices are translating into higher prices for cars and trucks.

GM announced their prices will go up - joining Ford and Toyota.

From the Associated Press:

General Motors says it will raise car and truck prices by an average of $123 per vehicle to make up for its increased oil and metal costs.

The company is the third major automaker to raise prices in the past three weeks because of higher costs. That is a sign the surge in crude is starting to affect car prices for consumers. Ford and Toyota both announced price increases in March and early April.

The GM increases, which affect nearly all Buick, Chevrolet, Cadillac and GMC models, will go into effect in the U.S. starting May 2. The higher prices are limited to the United States.