---
title: "Automakers warn that Trump tariffs will hike some vehicle prices by as much as 25%"
description: "March 4 (Reuters) - A trade group representing nearly all major automakers warned on Tuesday that new 25% tariffs on imports from Canada and Mexico imposed by President Donald Trump will lead to drastic price hikes."
type: "NewsArticle"
publisher: "Daily Maverick"
site: "https://www.dailymaverick.co.za"
section: "Newsdeck"
author: "Reuters"
author_url: "https://www.dailymaverick.co.za/author/reuters/"
canonical_url: "https://www.dailymaverick.co.za/article/2025-03-04-automakers-warn-that-trump-tariffs-will-hike-some-vehicle-prices-by-as-much-as-25/"
published: "2025-03-04T21:20:07"
updated: "2025-03-04T21:20:08"
lang: "en-ZA"
word_count: 60
---

# Automakers warn that Trump tariffs will hike some vehicle prices by as much as 25%

> March 4 (Reuters) - A trade group representing nearly all major automakers warned on Tuesday that new 25% tariffs on imports from Canada and Mexico imposed by President Donald Trump will lead to drastic price hikes.

By Reuters · Published 4 March 2025, 23:20 SAST · Updated 4 March 2025, 23:20 SAST

## Key points
- As tariffs loom over our neighbors to the north and south, brace yourself for a potential 25% price hike on your next car—because who doesn't love a surprise mark-up on their next ride?
- All automakers brace for significant tariff impacts on Canada and Mexico.
- Vehicle prices could surge by up to 25% due to these tariffs.
- Immediate repercussions expected on vehicle availability and pricing.
- John Bozzella, of the Alliance for Automotive Innovation, highlights widespread concerns.

## Content

"All [automakers](https://www.reutersconnect.com/all?search=all%3AL3N3PN13U&linkedFromStory=true) will be impacted by these tariffs on Canada and Mexico. Most anticipate the price of some vehicle models will increase by as much as 25% and the negative impact on vehicle price and vehicle availability will be felt almost immediately," said John Bozzella, who heads the Alliance for Automotive Innovation.

(Reporting by David Shepardson; Editing by Mark Porter)