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#carprices

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Nonilex

The cost to build a crossover utility vehicle will rise by at least $4k, while the increase would be 3X that for an EV examined in a new study from Anderson Economic Group, an #automotive consultant in East Lansing, #Michigan. And those costs would likely be passed on to #consumers, the study found.

#economy #PersonalFinance #inflation #USpol
#TrumpTariffs #Canada #Mexico #car #prices #consumers #CarPrices

in depth article from the Detroit Free Press→
freep.com/story/money/cars/202

Detroit Free Press · The auto industry, with 5-year product cycles, can't pivot on a dime to adapt to tariffsBy , Detroit Free Press
Public
Nonilex

#CarPrices Are Poised for $12,000 Surge on #Trump’s New #Tariffs

Auto bosses warn Trump admin of economic consequences

Companies rush to stockpile parts, engines in US warehouses

Impending tariffs on #Canada & #Mexico risk driving up US #car #prices by as much as $12k, further squeezing #consumers & wreaking havoc across the intricate web of #automotive supply lines spanning the continent.

#economy #PersonalFinance #inflation #USpol
bloomberg.com/news/articles/20

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