US Edition
Auto Tariffs Seen Hiking Car Prices by Nearly $2,000 per Vehicle
- Hyundai Motor Company is not raising vehicle prices despite new US auto tariffs, which are projected to increase car prices by nearly $2,000 per vehicle.
- Hyundai's IONIQ 9, their first three-row electric SUV, has been praised for its impressive range and affordability, starting at just over $60,500.
- Hyundai's new electric vehicle plant in Georgia can produce up to 300,000 vehicles per year, with the potential to increase output to around 500,000 if necessary.
- Both the IONIQ 5 and IONIQ 9 are eligible for the $7,500 EV tax credit, supporting their appeal in the market.
12 Articles
12 Articles
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…
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…
Hyundai and Kia Resist U.S. Car Price Hikes Amid Trump Tariffs as Rivals Fold - Korean Car Blog
Hyundai and Kia are taking a defiant stand—resisting price hikes despite mounting economic pressure while global automakers are moving swiftly to raise vehicle prices in the United States amid President Donald Trump’s renewed automotive tariff policy, As pre-tariff inventories run low and competitors pass costs onto consumers, Hyundai and Kia’s steadfast commitment to pricing stability […] The post Hyundai and Kia Resist U.S. Car Price Hikes Am…
Coverage Details
Bias Distribution
- 43% of the sources lean Left, 43% of the sources are Center
To view factuality data please Upgrade to Premium
