US EditionAuto Tariffs Seen Hiking Car Prices by Nearly $2,000 per Vehicle
- Consultant AlixPartners reported that President Trump's $30 billion auto tariffs will raise U.S. car prices by about $1,760 per vehicle.
- The tariffs, set at 25% on European cars and parts since April 3, face uncertain trade deal progress, with actual agreements unlikely at this year's G7 summit.
- Hyundai and Kia are expanding U.S. EV production focusing on larger electric SUVs, highlighted by new models like the IONIQ 9 and Kia EV9.
- The IONIQ 9 is produced at Hyundai's Georgia plant, which can make up to 300,000 vehicles yearly, starts at $60,555, offers 335-mile range, and includes a free home charger.
- AlixPartners expects the tariffs to reduce U.S. auto sales by about 1 million vehicles over three years but sees tariff rates eventually falling through trade negotiations.
25 Articles
25 Articles
Auto repair shops struggle under Trump's tariffs
In the “tariffs the Trump administration has announced and actually put into long-term effect” category? A 25% tax on some automotive parts. In this episode, we visit an auto repair shop in Vermont where unexpected price increases are affecting business. Plus: Cities invest in revitalized waterways as recreational moneymakers and the Philly Fed reports manufacturing employment slumped in the region.Every story has an economic angle. Want some in…
Daily Breeze
Auto tariffs seen hiking car prices by nearly $2,000 per vehicle
By Keith Naughton, Bloomberg Car buyers will bear the brunt of the $30 billion cost of President Donald Trump’s tariffs, driving up already high US auto prices by almost $2,000 per vehicle, according to consultant AlixPartners. The firm expects auto companies to pass along 80% of the cost of Trump’s tariffs — which it calculates as $1,760 more per car. AlixPartners, as part of its annual global automotive outlook, also cautioned that the adminis…
Visual Capitalist
BizTocHow Tariffs Will Impact U.S. Car Prices, by Brand
See this visualization first on the Voronoi app. Use This Visualization How Tariffs Will Impact U.S. Car Prices, by Brand This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources. Key Takeaways Buick, Hyundai, and Kia will see the largest price impacts from U.S. tariffs. Brands with more established U.S. supply chains (e.g. Tesla, Jee…
Car Prices to Rise $2,000 Due to Tariffs, Threatening GM and Ford Sales
Consulting firm AlixPartners has completed a report on the effects of tariffs on the car industry. It assumes that car companies will pass 80% of tariff costs to buyers. The exact increase is expected to be $1,760. America’s two largest car manufacturers will bear the brunt of the financial costs. General Motors Co. (NYSE: GM) has 17% of U.S. car sales, while Ford Motor Co. (NYSE: F) has 13%. 24/7 Wall St. Key Points: America’s two largest car…
Coverage Details
Bias Distribution
- 60% of the sources are Center
To view factuality data please Upgrade to Premium
