Archive for April 2011

Prius price reduction in Australia

Posted by John on Sat 9-Apr-2011

Toyota Australia has reduced pricing on the Prius range by 18% as of Friday 8th April. This re-positions the range a little more competitively in the market, and importantly differentiates it from the just-released Lexus CT 200h Hybrid which also uses the Prius drivetrain.

The new list price for a Base model is $34,990 plus on-road costs, while an I-tech now costs $45,990 plus on-road costs. Toyota is also offering a 3.9% finance rate for new 2010 plated Prius models.

Unfortunately, due to the power restrictions and damage to component manufacturing factories in Japan as a result of the horrific disasters that have happened there recently, Toyota production lines are not working and are not expected to resume production for some time. Therefore, new car stock out of Japan has stopped shipping, and only stock already in Australia can be delivered, with dealers taking orders on an open-ended delivery date basis. There are no new Prius I-techs available in Australia for example (but quite a few Base models), with no new stock expected before August at the earliest. Toyota dealers (and also any other Japanese car dealers) could be in for a lean time, as even Australian-built Toyotas use some parts sourced from Japan. Toyota will obviously source new stock from other Toyota plants world-wide which have the capacity and components to try and cover the shortfall where possible, but expect inevitable delays.