Cheaper Base Price, More Content as the Toyota Prius Fights Back
Newfound hybrid competition from the likes of the Hyundai Ioniq has forced Toyota into a mid-year strategy shift. Starting imminently, the automaker plans to offer a less expensive base model of the Prius while bulking up the model’s content with no-charge added safety features.
According to automotive research and car-shoppingÂ websiteÂ CarsDirect, the entry price of a Prius should drop by $1,210, bringing its base MSRP (including destination) to $24,360. That helps close the gap between it and the Ioniq, which has strategically positioned itself as the segment’s value pick.
After destination, the new-for-2017 Ioniq starts at $23,035.
To drop the Prius’ price without taking a financial hit, Toyota has shaved off the rear wiper, spare tire and seatback pockets for both rear occupants. The automaker plans to call the slightly stripped model the Prius One, CarsDirect claims, while keeping all pre-existing driver’s aids.
Toyota spokesmanÂ Nate Martinez has confirmed the changes, stating, “We are constantly striving to improve our vehicles for the benefit of our customers, including in key areas such as safety technology and value proposition. The Priusâ€™ MY2017 changes reflect this commitment, and help to further distinguish Americaâ€™s top-selling hybrid vehicle from its competition, without negatively impacting its MSRP.”
Moving up to the other models in the Prius range, Toyota plans to make itsÂ Safety Plus Package standard at no extra cost. That’s a $1,000 value that addsÂ blind spot monitoring with rear cross-traffic alert and parking assist to an existing roster of driver’s aids, including a pre-collision system with pedestrian detection, lane departure alert with steering assist, adaptive cruise control and automatic high beams.
As more and more rivals appear in a difficult segment, the PriusÂ â€” which used to rule the hybrid landscapeÂ â€” finds itself increasingly under fire. Sales have continued to slide from the model’s 2012 high point, making this latest course of action not at all surprising.
via The Truth About Cars http://ift.tt/Jh8LjA
April 17, 2017 at 09:06AM