Honda Announces Price Increases on 2005 Models
Officials at American Honda Motor Co., Inc., Torrance, Calif., say increased cost of materials, fuel and transport associated with manufacturing, as well as unfavorable movement in the exchange rate, have significantly impacted production cost and necessitated a price increase of two percent to four percent on 2005 models.
The new suggested retail prices for 2005 models will go into effect on February 1, 2005.