GM joins Toyota, Ford to hike U.S. auto prices
DETROIT ` General Motors Co. says it is raising car and truck prices in the United States by an average of $123 per vehicle to make up for its increased oil and steel costs, but it appears Canadian consumers can rest easy.
"That's doesn't apply in Canada," Jason Easton, corporate communications manager for GM Canada, said of the increases announced south of the border.
General Motors is the third major automaker to raise prices in the past three weeks because of higher costs, signalling that the surge in crude oil prices is starting to affect car prices for consumers. Ford Motor Co. and Toyota Motor Corp. 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.
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