Not a huge difference, but General Motors Corp. announced yesterday that it is raising prices on a third of its 2007 US models. They are pointing to increased raw material costs for the increase. The actual amount of the increases ranges from $60 to $425 per vehicle. But most fall in the $90 to $120 range, GM spokesman John McDonald said.
"What we are trying to do is to recover a portion of our increased costs, things like steel, materials and other commodities that go into our products," he said. The price hikes amount to about 0.5 percent per car and truck. Not earth shattering differences, but with the competition doing everything they can to win market share, maybe that extra hundred bucks will be a deal breaker for some customers.
[Source: Reuters]
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