Toyota Yaris Price Rise

Just reading this article Shock price for cheapest Toyota Yaris on news.com.au.

Toyota has raised the price of its cheapest car by nearly 44 per cent, suggesting that those who can’t afford it look for a second-hand model

I get it that they have brought in improvements and obviously they don't come cheap but it's a significant jump for a vehicle in this class. Does this mean people are not going to buy Yaris now? Or it will still be the car of the choice in this category? What do you think?

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Comments

  • +3

    I was told that the TCO of EVs and ICE vehicles would reach parity in 2023 but I didn't realise this was because the price of ICE vehicles was going up.

    • The prices of ICE vehicles will continue to escilate as the manufacturers have to pour more R&D and tech into making an ICE engine have less fuel consumption and less emissions. Eg. Particle filters for all petrol and diesel models and mild hybrid systems.

  • +1

    Number one thing I wouldn't be doing is rushing out to get one as I can easily predict that the price will be readjusted. In mid march the conversion rate for JPY to AUD dropped to about 64, now since things have rebounded the rate has gone back to a reasonable 76 JPY to AUD.

    I can imagine some of the price calculations were done in this period as the price of importing from Japan skyrocketed. They might have retained this high price for the start and will reduce in a few months.

    It has to be noted that the base prices of Yaris in Japan is under $20,000 aud; including the consumption tax.

  • +3

    Tell them they're dreaming!

  • +3

    I think this is a strategic move from Toyota in that they grossly inflate the RRP so the car yards have more wiggle room in giving customers a larger 'perceived' discount. The customer at the end of the day feels like they got a deal, while the car yard still makes the same if not a higher margin.

    Given the progress being made in electric cars and the relative stagnation of the combustion motor - especially Toyota's decades old tech if anything combustion engine cars should be coming down in price.

    Clever strategy, i feel only Toyota tragics will fall for it though.

    • i feel only Toyota tragics will fall for it though.

      I think you mean financial illiteracy. Unless you never get to see the price list. Otherwise, if you can't afford a few thousand for the Corolla then you got serious financial issues to address before buying a car.

      • Can get the SX Hybrid for cheaper

  • +1

    Suzuki Swift ftw

  • $30k for a Yaris? For that price i can get a 2nd hand Lexus which is 1000 X better in every way.

    • Lol good one

  • -2

    It's a Mazda2 under the skin. Hence the price hike.

    • +4

      No it's not, that's the US model, totally different

  • +5

    This is just the start. Everything is going to become more expensive. Our wages will be eroded. We will become a nation of working poor, destined to drive used Yarises for all eternity.

    • +3

      Everything is going to become more expensive. Our wages will be eroded.

      You are 100% right. Norway put all their natural resources money (crude oil) into a $1 trillion+ sovereign wealth fund. What did we do?

      Driving used Yarises would be lucky. Driving used Hyundai i10s, Suzuki Swifts etc.

  • For 15 years the catch cry for Toyota in the automotive press has been less car for more money.

    I'm not surprised.

    • While true in the past, it's changed over the last few years

  • +1

    They know the sheep will buy them at whatever price due to the famous Toyota "reliability". Even though the Koreans are just as reliable, if not more these days.

    • +1

      "Oh, what a feeling" - of being fleeced.

  • Yes,the “new” Yaris has gone up in price,but,Toyota has been very smart in the way they have gone about this.They have brought in(through their dealer network) Toyota “certified” used cars.To qualify for this program they have to be under 10 years old,less than 160,000ks & under go a “90 point” safety check(in other words a “quick walk around the vehicle”,Yup,she’ll be right mate.) On a more serious note,this is a very smart move,they then finance through Toyota’s finance arm.They are hoping by doing this(in return) they get your loyalty to the brand for life.Again,is Toyota ahead of the game?(again) indeed,very clever indeed.Toyota said that it has delivered over 100,000 “pre certified” vehicles in three years.

    • Toyota certified used cars have been around for a few years…

      Toyota said that it has delivered over 100,000 “pre certified” vehicles in three years.

      So it's not like it correlates with the Yaris pricing

      • They have,but Toyota has made a smart move here.Hookem & keep them for life(that’s the idea anyway)But,this could backfire for potential Yaris buyers,there is so much better out there.The thing should be discontinued.

        • -1

          The thing should be discontinued.

          Riiiiight

          • +1

            @spackbace: You have to admit,there is far better around,it ain’t nothing special.But then I guess you would say that,you have to sell the things.I will not be lining up anytime in the future!

            • +1

              @Hackney:

              I will not be lining up anytime in the future!

              I gathered that…

              • @spackbace: Phew,you had me worried, I thought you would be waiting to come through that door!Ride em cowboy!!!🐎🐎🐎

  • +6

    25000 for Yaris? Tell them they're dreaming)))

  • Kia and Hyundai is going to eat toyota alive. People who would by a Yaris will see no value in buying a small car that price, and VW has a horrible reputation of reliability, costs and customer service in Australia. People are going buy small SUV like Venue or a small & cheaper KIA car with 7 years warranty. Furthermore, Toyotas and Hondas are built in Thailand, VW are built in ZA and Kia/Hyundai are built in South Korea with Australian steel at a cheaper price.

    • +4

      Toyotas and Hondas are built in Thailand

      Only Toyota built in Thailand is the Hilux and Fortuner

      Yaris is Japanese

      • and Corolla Sedan

        • Wrong.

    • ah shut up. You're full of misinformation.

    • Not all Toyotas are built in Thailand, but you're spot-on with everything else you've said.

  • +3

    Makes cars like Kia Cerato look like a bargain of the century compared to this new insane Yaris pricing.

  • +2

    The issue for Toyota is that Hyundai and Kia have come so far now in making decent cars. Its hard to see value in the Yaris if you compare it with something like the i30. With the i30 you even get the 7 year warranty.

    i30 with all the safety gear and alloy wheels is $27,990
    Yaris with similar safety gear and alloy wheels is $30,951

    So price difference of almost $3,000 and the Yaris is a much smaller car. I am slightly a Toyota tragic but if this was my money I would be going to the Hyundai dealer.

      • +7

        Oh please, stop trying to justify the ridiculous price gap.
        Kia Cerato with safety pack gets 5 star safety rating and yet is much cheaper than Yaris despite being a competitor of Corolla.
        No matter how you spin it, the new Yaris pricing doesn't make any sense.
        Besides, I personally think the updated ANCAP testing criteria place way too much emphasis on AEB and other electronic gizmo.

        • -3

          Oh please, stop trying to justify the ridiculous price gap.

          Not justifying anything, correcting the inaccuracies. It doesn't phase me one bit if you think it's overpriced for what it is, but compare it against equivalent cars. Using the term "5-star" doesn't mean diddly-squat, ANCAP has had 5-star ratings for years, it's very important which year you take it from. 2020 is more stringent, with higher speed crashes, and greater angles - basically causing more damage to the vehicles.

          Oh and the funny thing about your Cerato comparison is it isn't 100% accurate. Again, lovely base models not coming with all the safety stuff standard:

          A 5 star ANCAP safety rating has been achieved by all variants with the exception of Cerato S and Cerato Sport which score a 4 star ANCAP safety rating.

          .

          Besides, I personally think the updated ANCAP testing criteria place way too much emphasis on AEB and other electronic gizmo.

          So… you quote 5-star safety, yet don't deem it that important… Yet you quoted it?

          • +9

            @spackbace: You are the one who's funny and please learn to read before blabbing on.

            I said "Cerato WITH SAFETY PACK". Got it? With SAFETY PACK. Hope that made it clear enough for you. Safety pack is only $1,000 which would make Cerato S still thousands cheaper than Yaris.

            Oh and just in case you haven't cottoned on, Safety pack raises the ANCAP rating of Cerato S and Sport to 5 stars (from 4 stars, which you are referencing).

            • -8

              @keejoonc: 5 stars from 2020? No…

              May as well compare the car against a moped while we're here!

              • +6

                @spackbace: and where did I say 2020? cerato was tested in 2019 and do you honestly think people are going to care? 5 star in 2019 va 5 star in 2020?

                how does moped even come into the equation? you have lost it just like toyota.

                you keep harping on about comparing like for like in terms of safety but completely disregard the fact that Cerato is competing against Corolla.

                • -7

                  @keejoonc: So apparently my efforts in educating you into understanding ANCAP testing has gone over your head. I'm sorry that you fail to understand how the different years of testing vary greatly, from the number of tests, to the speeds of the crashes, to the features of the car. You just want to see "5 stars" and that's that. I mean, the VF Commodore got 5 stars in 2013, but that's relevant information today, right? 5 stars is 5 stars!

                  • +4

                    @spackbace: so 7 years difference and 1 year difference is the same? clutching at straws once again LOL
                    do you realise how ridiculous you sound?

                    • -5

                      @keejoonc: No, because I've actually read the article and understand how many extra features are part of the ANCAP testing this year.

                      Guessing you haven't, which means it's like talking to a brick wall.

                      Go read, then get back to me.

                      so 7 years difference and 1 year difference is the same?

                      So, 1 year difference is the same, but 7 years is different. Why isn't 1 year different? At what difference does it become different? Is 2 years difference the same?

                      • +4

                        @spackbace: haha you are unbelievable. no wonder people are negging you. so you think advances in tech and safety in 7 years would be same as that of 1 year?
                        I will leave the rest for you to ponder since it doesn't take a rocket scientist to figure this one out.

                        • -2

                          @keejoonc:

                          no wonder people are negging you.

                          If I cared about votes on comments, I wouldn't have nearly 30,000 of them on here.

                          so you think advances in tech and safety in 7 years would be same as that of 1 year?

                          Ok how about 2 years? As I said, at what point is it not similar? Did you bother to read the article linked before or have you stubbornly ignored it?

                          Tell you what, here's the testing advancements in pictorial form, might be more your style. If you don't think that's a massive increase year on year, from 2018 to 2019 to 2020, well then I guess I'm clearly not talking to a rocket scientist here!

                          so you think advances in tech and safety

                          Wait wait wait… I've been talking about ANCAP testing since the first comment, now you're questioning the features of the vehicles.. wtf? Do you want to stay to 1 topic or are we branching out? If we're branching, how good is coffee?!

                          • +4

                            @spackbace: are you a car salesman because you really sound like one lol

                            • @keejoonc: The employee tag on a Toyota post didn't give it away? Or the second comment I put in this post?

                              • +2

                                @spackbace: being an employee of Toyota doesn't mean you are a salesman? obvious things seems to escape you quite easily.

                                • -2

                                  @keejoonc: That's fine, feel free to disregard the second part of my comment. Oh the irony of your comment 😂

          • @spackbace: It is way over priced!

      • Yeah I can see that the safety suite on the Yaris is more comprehensive than the i30 with the safety package. I could probably stomach a Yaris with better safety and few extra wizzes bang features like keyless entry if it matched the i30 price.

        But if you keep comparing the price with the competitors its such a tough sell. You only need to spend another grand to get into a Mazda 3 with a safety package.

        I would say the Yaris is overpriced by at least 10% to even maybe 20%

        • As I said, I'm not debating the price and if you go through my comments on this thread I haven't defended the price point one bit, which is even reflected in my main comment here. I'm just correcting any inaccuracies I find on here :)

          • @spackbace: That’s ok I understand that and appreciate your comments as you are probably the only person here that really knows what they are talking about.

            I just find it particularly interesting since I recently went through the process of trying to find the best value car and price on this Yaris sets a new benchmark.

          • @spackbace: Don't waste your breath as these posts get burried by ignorant kboard warriors negging it to make up for their unhappy existence. As will this post

    • +1

      I agree. The Yaris pricing has ascended well into Small Car territory and will be butchered by the Koreans.

      I am a fan of Toyota's philosophy but the interior packaging and layout of the Yaris leave a lot to be desired. They could learn a thing or two from the Honda Jazz.

      • I bet Hyundai will increase the price with the facelift i30, sonata etc as well.

  • A yaris can last twenty years, its cheaper if you factor long term use.

    Still not sure on the new range.

  • +2

    Meh. If there's an efficient market, consumers will compare options, choose their utility and probably not buy a yaris at this new price.

    Then again, there's a whole lot of people who buy toyotas because they've always bought toyotas and never thought of trying anything else. Because eating only vanilla ice cream your whole life is safe and reliable too.

    • who buy toyotas because they've always bought toyotas and never thought of trying anything else.

      Actually, I got a Lexus ES for the family recently. So I'm not counted among the Toyota cult.

      • -1

        Lexus = Fancy Toyota from the same factory though?

        • But different car. Same engine, though. hahahaha
          Audi is Fancy VW, Porsche is fancy Audi except their super cars.

          3.5 L V6 Hybrid is plenty powerful.

          Look man, I don't want to pay $2000-$3000 for a brake service from BMW or MErcedes. Cool?
          Those cars are fun to drive, but I'm not made of disposable cash. Our last Mercedes car had to be settled via mediation because those arseholes refused to fix an issue with their AMG line. Told the idiot who bought it not to buy a used AMG car again.

          Lexus = car doesn't break down like the shit they sell in Germany.

        • How many Lexuses have you been inside? (Honest question, no judgement at your answer)

  • +1

    I drove past a few Hyundai and Kia Car dealerships. Lots of champagne corks were popping and few very happy looking Kia Hyundai carsales wo/men and dealership owners.

    Wonder why?

  • +1

    Most underrated car on the market ATM is the unloved Ssangyong Korando. Mid size (compact) SUV. It's half SUV, half car. The kit it comes with on the base model is quite amazing for the money. The 777 warranty and support is second to none. They're Korean.

    A lot of reviewers have said it is really the car in the compact medium SUV segment, others should be measured upon.

    I know there are a whole host of issues with buying into an unloved company like that ATM, but Hyundai and Kia took a long while to get to this point.

    I would rate a Korando way above that of a Yaris, absolutely.

    • https://en.wikipedia.org/wiki/SsangYong_Motor

      I'm under the impression SsangYong is losing money each year i.e. not doing well financially (correct me if I'm wrong); which could mean that in event of SsangYong going under, which is probable but unlikely, your 777 warranty will become 000 warranty. That's the catch I see.

      P.S. A few Chinese car companies are giving life time warranty for 1st owner, for their cars sold in China.

      https://m.sohu.com/n/494182165/

      Will some of these companies still exist in 2 years? lol

      • Ssangyong itself has been around since early 20th century, so in that sense they will be around unless something happens financially I suppose.

        I do know they don't have the budget of other companies, in fact they don't even have printed advertising pamphlets for their cars.

        They are the 3rd biggest Automaker in South Korea.

        Their new Korando and Rexton are very good cars. I'd rate all their cars (now) as pretty world class all-round vehicles.

        • +2

          https://www.motoring.com.au/ssangyong-for-sale-as-owners-loo…

          I hope they'll have their second time luck. Like you say, Ssangyong offers good technology on the cheap, and I think they look attractive. If they wore a Kia badge (i.e. warrantied by Kia) I'd seriously consider it.

          • +1

            @YRT: Possibly another Covid casualty, I guess we'll see. Mahindra did great things to help turn Ssangyong profitable, but you can't make people buy your cars, even if they're great… There's a heap of psychology and societal cred involved with the established, common automakers.

            • +3

              @Oofy Doofy: Even the response to this post is evidence.

              If the corolla and the yaris have the same standard of parts, they will cost about the same to make. Smaller cars aren't inherently cheaper to make.

              But since yaris is supposed to be a cheaply built entry level car, changing the identity of the yaris is met with outrage.

  • +1

    I realise that corporate purchasers pay much less than retail but I'm wondering if this increase in price may lead to a significant loss in corporate fleet sales?
    I see a huge number of Yaris's with eg pathology company logos on the road - pretty sure a large proportion of their sales figures are from corporate fleet sales.

    • -1

      I know we've already pre-sold a bunch to security firms (rent a cop). Yaris hybrid would make a good, reliable, economical car for companies like that just driving around suburbia at low speed etc.
      Certainly won't be the car of choice for Uber drivers, but then who the hell wants to be passenger in a Yaris when ordering an Uber? ;)

      • Does this mean that the overall running costs of the hybrid are lower than that for alternatives to the Toyota enough to offset the rather significant price increase? Talking to one of the pathology drivers she was saying that their use varies between inner city traffic, suburban short runs with up to 50 stops over 6 - 8 hours through to 150km-200km highway driving (and sometimes a combination of those).
        Would a hybrid be economical in those cases?

        • Yeah that would be ideal for hybrid, hence why every uber/taxi driver is choosing hybrid now

    • A mate is operations manager for a large pathology company. They were pricing a dozen Yaris Hybrids for city work because they were just that fraction smaller and more maneuverable than the Corollas and i30s they use. At the current price he's vetoed it.

  • It’s quite simple, the market will sort itself out.

  • 44% price seems excessive as f**k but considering how expensive RAV4 have become this doesnt surprise me

    Toyota are forgetting what makes them the most sold brand in the world

  • +1

    I think Toyota (and several others) have forgotten the concept of "get them young, get them for life".

    A friend of my family came up with the idea of this Toyota advertisement (and Rory The GMH Lion). He was a brilliant marketer.

    https://youtu.be/JnGvyuptTZA

    • +1

      "When i was just 18" lol reminds me of the Simpsons ep ;)

      • It sold some cars back then.
        He was DP for Stewart Toyota for many years then started Castle Hill Toyota when Castle Hill was cow paddocks. He retired up to northern NSW, got bored and bought an ailing country Subaru dealership just as the Gen1 Subarus were being released. He made millions (more).

        He used to ring me with trade-ins that had good bodies and mechanical issues that were going to the wholesalers that he thought I could make some money on. Very helpful when you were on apprentice wages.

        • Yeah the prices have certainly pushed the car out of the under-30s who will likely just go a Corolla instead (or a competitor), when it would be good to get that age group into their first Toyota.

          Suzuki certainly got the first car buyers when I was there, and then it was funny when Holden brought out the last "Spark" and they had training on how to sell to these new buyers coming into their dealerships (millennials), something they supposedly didn't get before lol

          • @spackbace: First new car I ever bought was an '89 MF Barina. A 1.3l 4 cylinder manual re-badged Suzuki Swift when the entry level Swift was only 3 cyls / 1000cc(??). It was a good car but ~$14k with no power steer, no AC, armstrong windows, steel wheels, no safety features. Very basic compared to today's entry level cars

  • When the web driveaway price for a Yaris ZR Hybrid in Crystal Pearl is $36,334, realistically what is price one should actually pay?

    • +1

      Even though that's the top end Yaris 1.5L Hybrid, it still feels weird to me when the Camry Ascent Hybrid 2.5L is cheaper at $36,235 from the website with the same Crystal Pearl Paint option. Both are made in Japan

      • Both are made in Japan

        And both are hybrid… and that's about where the comparison ends :P

        No point comparing top of the range to the next level bottom of the range.

        • +1

          Instead of the Camry, I always saw the Corolla being the 'next level' after the Yaris by slotting between the Yaris and Camry in previous general pricing tiers.

          So the top end Yaris becoming more expensive than the base hybrid car that was effectively 'two levels up' rather than just the 'next level' car still feels weird. The base hybrid Camry also gets dual zone climate control and smart entry + start as nice additions over the regular Ascent petrol so it's not absolute bottom of the barrel

          Maybe this this whole thing is designed to upsell loyal toyota buyers into Corollas and Camrys :D

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