Wednesday, July 25, 2007

Toyota Announces Prices for 2008 Camry and Camry Hybrid

2008 Camry

Toyota announced pricing on its 2008 Camry and Camry Hybrid today. Both go on sale next month, with no significant changes from the 2007 versions of the bestseller. (New option packages are available.)

Each trim level of the regular Camry (the one that burns only gasoline) is up $100. The base model, with a four-cylinder engine and a manual shifter, will be $18,570. The nicest XLE version, with a V-6 and six-speed automatic transmission, will be $28,120.
Camry Hybrid's base MSRP begins at $25,200, a decrease of $1,000 or -3.8 percent versus the 2007 model.

The price reduction is aimed at offsetting dwindling U.S. tax credits for buyers of Toyota hybrids. In 2006, Toyota exceeded a 60,000-vehicle limit for the credits, which were intended to promote hybrid sales. The Camry Hybrid tax credit, once as much as $2,600, is now $650; by Oct. 1, the car won't qualify for any portion of the tax incentive, according to the U.S. Internal Revenue Service's Web site.

U.S. hybrid sales rose 60 percent in the first half of 2007, to 187,533 cars and sport-utility vehicles, boosted by average retail gasoline prices that peaked at $3.23 a gallon in late May.

Sales were led by Toyota's Prius and Camry Hybrid . Through June, Toyota sold 28,070 Camry Hybrids, nearly four times as many as a year earlier.
The 2008 Camry Hybrid is a better value than ever as its price point has been lowered significantly, making Camry and Hybrid Synergy Drive technology available to more people. The Camry Hybrid is equipped with an array of standard features including a Smart Key system, dual-zone automatic climate control, Plasmacluster(TM) ionizer, sixteen-inch steel wheels, and AM/FM/single CD audio system with six speakers.

Two new upgrade packages are available to those seeking more amenities. The upgrade packages are available with or without navigation. Both packages offer sixteen-inch alloy wheels, JBL audio, leather-trimmed steering wheel and shift knob, electrochromic rearview mirror with compass, and HomeLink(R).

Stand-alone options include power tilt/slide moonroof, leather-trimmed interior, driver and front passenger heated seats and heated outside mirrors.

Both the 2008 Camry and Camry Hybrid will begin arriving in dealerships later this month.
Source: puregreencars

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