Toyota, Lexus Prices Are Heading Up

Toyota Motor Corp., the fourth-largest auto maker in the U.S., plans to raise prices on its 2000 model Toyota and Lexus luxury cars and trucks to take advantage of record demand. The Japan-based auto maker said it will boost average retail prices on Toyota vehicles by 0.8%, or $175, starting Feb. 1. Lexus prices will rise 1.2%, or $454. The move follows a 1.9% increase on Toyotas announced in August.