Toyota raises prices again in six months, with RAV4 and Camry costs up over $1700

Toyota, the premier automotive behemoth in Australia, has declared a fresh wave of price augmentations, set to impact thousands of customers currently in the purchasing pipeline.

Anticipating continue strong demand in Australian market, Toyota Australia has announced a second round of price increases for nearly all its models this year, with only a few exceptions.

Since January, the company has been adjusting prices upward, a trend that will continue into July 2023, with jumps ranging from $160 to as high as $1890.

Notably, the price tag for sought-after models such as the Toyota RAV4 Hybrid and the Toyota Camry Hybrid has taken a significant hit, climbing by $1710 and $1830 respectively. This development comes even as consumers brace for a waiting period that could stretch from 12 months to two years.

Toyota's HiAce van and HiLux ute also fall into the price hike umbrella, with the waiting time oscillating between six to 12 months depending on the variant.

Rather than being largely attributable to production hiccups and shipping constraints, the ongoing wait times are mainly due to an escalated demand for Toyota vehicles.

To manage customer expectations, Toyota began issuing separate documents to buyers last year, indicating the possibility of price and feature changes before the vehicle's arrival. However, customers have the option to opt for a refund of their deposit at any point in the ordering process – barring when the vehicle is registered in their name – if they object to the new pricing or specifications.

As such, customers who are already in line for their vehicle will have to bear the brunt of the latest price increases – unless their vehicle was manufactured prior to September 2022 for Kluger and November 2022 for all other models.

Considering most cars that meet the above criteria have already been delivered, customers taking delivery of their new Toyota post July 1, 2023 will have to come to terms with the newest price hikes.

Although acknowledging the price increases "may be unwelcome", Toyota Australia reassures dealers it has made the decision after meticulous contemplation of all variables.

The only models spared from this upward price revision are select Toyota models subject to the Luxury Car Tax, which is a 33 per cent surcharge over GST as stipulated by the Federal Government. As the baseline for the Luxury Car Tax rises in line with the CPI, recommended retail prices for some models have seen a decrease.

Below is the list of Toyota Australia price rises due from 1 July 2023 (before on road cost). While care has been taken to avoid errors, this is a guide only. Please check with your local Toyota dealer for the most up-to-date information.

Toyota Camry: up $1830

Toyota Corolla Cross: up $980

Toyota Corolla hatch: up $980

Toyota Corolla sedan: up $640

Toyota GR Corolla: up $1890

Toyota GR Yaris: up $1890

Toyota RAV4: up $1710

Toyota Supra: up $380

Toyota Yaris Cross: up $160

Toyota Yaris hatch: up $160

Toyota Granvia (standard model): up $690

Toyota Granvia VX: down $840