Skip to main content
Sister Publication Links
  • Rubber News
  • European Rubber Journal
Subscribe
  • Login
  • Register
  • Subscribe
  • Current Issue
  • News
    • OPINION
    • BUSINESS/FINANCIAL
    • COMMERCIAL TIRE
    • GOVERNMENT & LAW
    • Humanitarian Award
    • RETAIL TIRES
    • SERVICE ZONE
    • TIRE MAKERS
    • Best Places to Work
    • RUSSIA WAR IN UKRAINE
  • Aligning with ADAS
  • Data
    • DATA STORE
  • Custom
    • SPONSORED CONTENT
  • Events
    • ASK THE EXPERT
    • LIVESTREAMS
    • WEBINARS
    • SEMA LIVESTREAMS
  • Resources
    • DIRECTORY
    • CLASSIFIEDS
    • SHOP FLOOR
    • AWARDS
    • BALANCING
    • DEMOUNTING
    • SAFETY
    • TIRE REPAIR
    • TPMS
    • TRAINING
    • VEHICLE LIFTING
    • WHEEL TORQUE
    • Best Places to Work
  • ADVERTISE
  • DIGITAL EDITION
MENU
Breadcrumb
  1. Home
  2. News
April 19, 2011 02:00 AM

GM to raise U.S. vehicle prices 0.4% as raw-material costs rise

Mike Colias, Crain News Service
  • Tweet
  • Share
  • Share
  • Email
  • More
    Print

    DETROIT (April 19, 2011) — General Motors Co. plans to raise prices on most of its vehicles starting next month in response to escalating raw-materials costs.

    GM notified its 4,500 U.S. dealers on April 18 that the increases will average $123, or 0.4 percent, starting May 2.

    Much like what the tire industry is going through, the vehicle price increase is a response to the continued rise in materials costs, which has been driven by an increase in commodity prices, GM spokesman Tom Henderson said.

    The price increases will be widespread across Chevrolet's portfolio, according to the notice sent to Chevy dealers yesterday. The memo said prices are slated to rise on the Camaro and Corvette sports cars, the Malibu and Impala sedans, the Avalanche truck, the Traverse crossover and the light-duty Silverado and Colorado pickups.

    The memo did not mention the Equinox crossover or the Cruze compact, two of Chevy's hottest-selling vehicles.

    GM's move echoes a boost by rival Ford Motor Co. On April 1, Ford lifted its prices on 2011 models an average of $117, or 0.4 percent.

    Toyota Motor Sales U.S.A. Inc., coping with a rising yen and an earthquake-shattered supply chain, also is raising prices an average 1.7 percent on many 2011 Toyota, Scion and Lexus models, starting next month.

    GM's Mr. Henderson cited rising oil prices as a factor but declined to say which materials are raising GM's costs the most. He also declined to comment on which vehicles would see price increases, citing competitive reasons.

    As of the end of March, GM had a U.S. inventory of 574,000 vehicles, or about a 75-day supply. Mr. Henderson said the price increase was unrelated to parts shortages from Japan, which have crimped production at Japanese auto makers and some Detroit 3 operations since the March 11 earthquake and tsunami in that country.

    This report appeared in Automotive News, a Detroit-based sister publication of Tire Business.

    Letter
    to the
    Editor

    Do you have an opinion about this story? Do you have some thoughts you'd like to share with our readers? Tire Business would love to hear from you. Email your letter to Editor Don Detore at [email protected].

    Most Popular
    1
    Updated: ATD to buy Monro tire-distribution unit for $105M
    2
    Bruno to assume Pirelli CEO role in 2023
    3
    Michelin worker dies at Nova Scotia tire plant
    4
    Monro fiscal '22 earnings, sales up double-digits
    5
    Apollo fiscal '22 sales up 20%, earnings down
    SIGN UP FOR NEWSLETTERS
    EMAIL ADDRESS

    Please enter a valid email address.

    Please enter your email address.

    Please verify captcha.

    Please select at least one newsletter to subscribe.

    Newsletter Center

    Staying current is easy with Tire Business delivered straight to your inbox.

    SUBSCRIBE TODAY

    Subscribe to Tire Business

    SUBSCRIBE
    Connect with Us
    • Facebook
    • LinkedIn
    • Twitter
    • RSS

    Our Mission

    Tire Business is an award-winning publication dedicated to providing the latest news, data and insights into the tire and automotive service industries.

    Reader Services
    • Staff
    • About Us
    • Site Map
    • Industry Sites
    • Order Reprints
    • Customer Service: 877-320-1716
    Partner Sites
    • Rubber News
    • European Rubber Journal
    • Automotive News
    • Plastics News
    • Urethanes Technology
    RESOURCES
    • Advertise
    • Privacy Policy
    • Privacy Request
    • Terms of Service
    • Media Guide
    • Editorial Calendar
    • Classified Rates
    • Digital Edition
    • Careers
    • Ad Choices Ad Choices
    Copyright © 1996-2022. Crain Communications, Inc. All Rights Reserved.
    • News
      • OPINION
      • BUSINESS/FINANCIAL
      • COMMERCIAL TIRE
      • GOVERNMENT & LAW
      • Humanitarian Award
      • RETAIL TIRES
      • SERVICE ZONE
      • TIRE MAKERS
      • Best Places to Work
      • RUSSIA WAR IN UKRAINE
    • Aligning with ADAS
    • Data
      • DATA STORE
    • Custom
      • SPONSORED CONTENT
    • Events
      • ASK THE EXPERT
      • LIVESTREAMS
      • WEBINARS
      • SEMA LIVESTREAMS
    • Resources
      • DIRECTORY
      • CLASSIFIEDS
      • SHOP FLOOR
        • BALANCING
        • DEMOUNTING
        • SAFETY
        • TIRE REPAIR
        • TPMS
        • TRAINING
        • VEHICLE LIFTING
        • WHEEL TORQUE
      • AWARDS
        • Best Places to Work
    • ADVERTISE
    • DIGITAL EDITION