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Significant Spike in Pricing for America’s Top-Selling Camry Sedan
The Toyota Camry, which has been embraced by American consumers for over two decades, has faced an approximate $5,000 surge in its price. As the newly redesigned model rolls off production lines in the US, sales figures continue to impress. The Camry sold 36,208 units in May 2024, coming in third after the Ram pickup and the Toyota RAV4.
Compared to its forerunner, the redesigned Camry’s price has been raised by $1,990. A major upgrade includes the standardization of the hybrid powertrain across all models, which brings up to a $455 price reduction when compared to the old hybrid variants.
Compulsory Options Drive Up Costs
New Model Hits the $40,000 Mark
Although some new trims are priced similarly to or less than previous models, the price increments are generally nominal. The Camry’s robust sales are likely to continue, drawing interest to the new model. Dealerships have been taking the opportunity to tack on markups, with some dealers in California and elsewhere in the US adding a $4,995 premium over the MSRP. Furthermore, mandatory accessories like wheel locks and door edge guards, valued at $570, push the selling price to $45,057.
Boasting an Impressive 50.8 MPG
A Break from the Previous Bulky Style
The revamped Camry features a 2.5-liter four-cylinder engine paired with two electric motors and an eCVT, yielding a total power output of 228 horsepower in its front-wheel-drive configuration. Optional four-wheel drive brings an extra electric motor into play, upping the total power to 235 horsepower. The model’s estimated fuel economy stands at 21.6 km per liter (50.8 mpg), highlighting the efficiency of the hybrid system. Design-wise, the bulky look has been discarded for thinner, sleeker front headlamps and a sharper V-shaped turn signal light merging with the grille.
Starting Price Around $29,000
Higher Trim Levels Nearing $36,000
The new Camry establishes a modern aesthetic, blending design cues from the Prius, which include streamlined grille and headlamp elements. Additional features like vertical air intakes and honeycomb patterns enhance the look. At the rear, there’s a continuity in design with the V-shaped tail lamps and an angular tailgate accented with a horizontal black band. Standard interior amenities include a 7-inch digital display, 8-inch infotainment screen, dual-zone climate control, and wireless Apple CarPlay. Prices for the new line start at $29,495 and can climb to $35,695 based on the trim and options selected.
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Frequently Asked Questions about the New Toyota Camry
- Why has the price of the Toyota Camry increased?
The price increase is largely due to the standardization of the hybrid powertrain and improvements in features and design.
- Is the new Camry still considered good value for money?
Considering the inclusion of hybrid technology and advanced features as standard, many consumers may still find value in the new Camry despite the increased price.
- What is the fuel efficiency of the new Camry?
The new Toyota Camry has a fuel efficiency of about 21.6 km per liter, or 50.8 miles per gallon, thanks to its hybrid powertrain.
- Are dealerships selling the new Camry at a markup?
Yes, some dealerships are adding a premium of approximately $4,995 to the MSRP, plus mandatory accessory charges.
- What are the price ranges for the new Camry models?
The base LE model starts at $29,495, with higher trims and options pushing the price up to $35,695.
