According to Chevrolet's website, the 2008 Malibu will sticker from $20,295 -- a $300 increase over the Malibu's old sticker price of $19,995.
While Chevrolet has yet to comment on the price hike, industry analysts say that the higher price is a direct result of the Malibu's strong sales. Since GM is selling less trucks and SUVs these days -- the automaker's biggest cash cows -- the Detroit-based automaker must look to other models for revenue. Malibu sales were up 110 percent during the first quarter of this year, so a $300 premium probably won't hurt sales much and will help GM see a little extra revenue -- something the General needs after a 10.2 percent drop in U.S. sales last quarter.
Prices of the Chevrolet HHR, Cobalt and Impala are also expected to rise, but by less than the Malibu's $300 increase.