Japanese automaker Honda Motor says it's raising prices further amid surging material costs.
The company said Friday its 6 main models in the domestic market will be marked up by 2 percent to 4 percent starting July 27.
Honda previously increased prices for three models, including a minivan, in April. The company has cited rising steel and logistics expenses.
Japanese carmakers historically have coped with higher costs by pushing up prices for new models. More recently, they are boosting prices for vehicles already in the market.
The company said Friday its 6 main models in the domestic market will be marked up by 2 percent to 4 percent starting July 27.
Honda previously increased prices for three models, including a minivan, in April. The company has cited rising steel and logistics expenses.
Japanese carmakers historically have coped with higher costs by pushing up prices for new models. More recently, they are boosting prices for vehicles already in the market.
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Summary
Japanese automaker Honda Motor announced price increases for six main domestic models, ranging from 2% to 4%, effective July 27. This follows a previous price hike in April for three models due to escalating steel and logistics expenses. The trend reflects how Japanese carmakers are adapting to
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ID: fbab48fe-8c72-4137-a73c-ee268bf121be
Category ID: nhk
URL: https://www3.nhk.or.jp/nhkworld/en/news/20230623_27/
Date: June 23, 2023
Created: 2023/06/23 18:39
Updated: 2025/12/09 02:38
Last Read: 2023/06/23 18:43