Ford Hikes Prices on 2011 Model Year Cars Again
Ford has just issued a price increase on its 2011 model year vehicles, the third hike this year.
New manufacturer suggested retail prices have increased on average by 0.4 percent or $124, bringing the yearly total to 1.3 percent or $375. According to Ford spokesman Todd Nissen most automakers have, on average, increased their vehicle prices by one percent this year.
The move is in response to increasing raw material costs, particularly on steel and aluminum.
Other major automakers to announce price hikes in 2011 include Toyota and General Motors, with Toyota upping prices from 1.2 to 2.1 percent, while GM added on what amounts to an average 0.4 percent increase across the board.
[Source: FreeP]
With AutoGuide from its launch, Colum previously acted as Editor-in-Chief of Modified Luxury & Exotics magazine where he became a certifiable car snob driving supercars like the Koenigsegg CCX and racing down the autobahn in anything over 500 hp. He has won numerous automotive journalism awards including the Best Video Journalism Award in 2014 and 2015 from the Automotive Journalists Association of Canada (AJAC). Colum founded Geared Content Studios, VerticalScope's in-house branded content division and works to find ways to integrate brands organically into content.
More by Colum Wood
Comments
Join the conversation