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Automakers could still face $2,000 to $12,000 vehicle price impacts from tariffs

ReutersMay 1, 2025 4:35 PM

- A Michigan-based economic consulting group said Thursday that automakers will still face $2,000 to $12,000 price impacts despite softened auto parts tariffs imposed by the White House and retaliatory tariffs.

Anderson Economic Group said U.S. assembled vehicles like Honda 7267.T Civic and Honda Odyssey, Chevy Malibu GM.N, Toyota Camry Hybrid 7203.T, and Ford Explorer will face impacts of $2,000 to $3,000, while imported vehicles could see $10,000 to $12,000 tariff impacts including full-size luxury SUVs, some EVs and other vehicles assembled in Europe and Asia with some vehicles including the Mercedes MBGn.DE STLAM.MI 7203.T G-Wagon, Land Rover and Range Rover models, some BMW models, and the Ford Mach-e F.N.

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