Expectations include millions of less vehicle sales, higher new and used vehicle prices and increased costs of more than $100 billion for the industry.

KEY POINTS

  • As Donald Trump’s 25% tariffs on imported vehicles remain in effect despite a pullback this week on other levies, new analyses detail global implications for the automotive industry.
  • Analysts are expecting to see a drop in vehicle sales in the millions, higher new and used vehicle prices, and increased costs of more than $100 billion for the industry,
  • Goldman Sachs assumes new vehicle net prices in the U.S. will rise by roughly $2,000 to $4,000 over the next six- to 12-month timeframe to better reflect tariff costs.