American Honda Motor Co. has raised prices on 2005 model year vehicles by an average of $US150 or 0.58%.
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“This increase comes as a result of increased operating costs, such as rising costs of steel, and currency exchange rate factors,” Honda said in a statement, adding that the increase affects all models except the Honda Element, Insight, Civic LX SE and Acura NSX.
Prices of the popular Accord and Civic models increase $100 to $150, while light truck models (Pilot, Odyssey and CR-V) increase $200. Affected Acura models will increase $200, except for the RSX, which will increase $100.
The new prices became effective for vehicles assigned for delivery to dealerships after February 13 but don’t affect those already in dealer stock.
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By GlobalData
