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Planning a new Toyota purchase? Be warned: prices on popular models are set to spike in July. Discover the key factors driving these increases and what it means for your next car.

Toyota Motor Corporation TM will increase prices for select vehicles in the United States by more than $200, starting in July. Prices of Toyota-branded models will rise by an average of $270. While ...

Toyota and its luxury brand Lexus will increase prices on select models by an average of $270 and $208, respectively.

The price hikes apply to vehicles produced from July 1, according to Toyota Motor North America. Details on price increases and the specific models affected were not disclosed.