'New Tariffs Could Add Up To $15,000 Per Vehicle'
"An economic analyst group in Michigan says that, after President Trump's latest executive orders, imported vehicles will see a price increase between $2,000 on the low end and $15,000 on the high end because of tariffs. Anderson Economic Group began looking at the costs of tariffs imposed on a number of vehicles in the U.S. as soon as Trump signed his first tariff executive orders. Its new estimates include changes Trump made on April 29 that were meant to give automakers who built vehicles in the U.S. a bit of a break."
"Here's how the group sees tariffs shaking out for customers. From the Detroit Free Press:"
"Lower impact: These are vehicles assembled in the United States with substantial U.S. parts content. The estimated tariff costs will be $2,000 to $3,000 per vehicle. Examples: Honda Civic, Honda Odyssey, Chevrolet Malibu, Toyota Camry Hybrid and Ford Explorer."
"Medium impact: Vehicles in this group will pay a tariff of $4,000 to $8,000. Some Jeep and Ram truck models are in this category, as are the Chrysler Pacifica van, BMW X3, Ford Bronco Sport and Volkswagen Jetta. Some vehicles assembled in Texas, such as the Chevrolet Suburban and GMC Yukon large SUVs, will see a tariff of just under $8,000, a reduction from the previous estimate of $11,000 in tariffs before Trump adjusted the tariffs."
"High impact: These are mostly full-size luxury SUVs, some all-electric vehicles and cars assembled in Europe and Asia. The tariff impact on these vehicles will be $10,000 to $12,000, with some EVs and European and Asian luxury vehicles having an estimated tariff exceeding $15,000. Mercedes G-Wagon, other Mercedes sedans, Land Rover and Range Rover vehicles, some BMW models and the Ford Mach-E, fall into this group."
https://www.jalopnik.com/1849311/tariff-potential-cost-increase-15000-dollars-new-vehicles/
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