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Are you in the market for anew SUV?
Many of the price hikes stem from lingering pandemic bottlenecks.
When factories were forced to shut down, production halted, which caused demand to outweigh supply.
At the same time, raw material costs began to rise, making it more expensive for manufacturers.
Both of these factors combined led to stiff price increases passed down to car buyers.
Due to these pressures, prices could rise by 5 to 10%.
Lincoln Navigator
The Lincoln Navigator is another SUV with stiff price increases going into 2025.
The 2025 model starts with theReserve trim package, which retails for $101,990 before any upgrades or additions.
The 2025 Navigator has a new exterior, upgraded engine and more advanced safety features and digital upgrades.
The price tag reflects the overhaul.
Along with safety and appearance upgrades, the 2024 Toyota Land Cruiser also received a new price tag.
Pricing starts in the mid-$50,000 range, according to Car and Driver.
Adding trim packages and features will quickly increase this price.
Cadillac Escalade
Another SUV with a price hike is the 2025 Cadillac Escalade.
Similarly, the V-Series price is increasing from $154,290 to $161,990 between the 2024 and 2025 models.
If youre heading to the dealership looking for a new Escalade, expect to pay more come January.
The Escalade is getting more luxurious, which makes it more expensive, said Musson.
The infotainment system is upgraded, including screens for passengers.
The fold-flat third-row seating is convenient, but also something that costs more money to make.
All trim levels will now come standard with Super Cruise driver assistance.
Those safety features contribute to the higher price tag.
A refresh for the Model Y, being coined Project Juniper, is expected to be unveiled in 2025.
With any model refresh, expect a price increase.
The Bottom Line
Were you planning to purchase any of these SUVs in early 2025?
If so, plan on paying a higher price tag if youre pursuing a 2025 model.
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