Trump's Mexico Tariff Would Raise Auto Prices, Dent New Sales -- Market Talk

Dow Jones

2025/01/23

1312 ET - Donald Trump is threatening to put a 25% tax on Mexican imports that could spur sharp price hikes for the automotive industry while cutting into new sales, CarGurus' Kevin Roberts says in a note. The online marketplace for vehicles said in its 2024 report that 19% of new listings at year-end were built in Mexico. A 25% tariff could increase the average price of those Mexican-built cars to $49,600 from $39,700, Roberts says. Volkswagen, Nissan, Stellantis and General Motors are among the automakers with the largest share of inventory built in Mexico, Roberts says. (dean.seal@wsj.com)

(END) Dow Jones Newswires

January 22, 2025 13:12 ET (18:12 GMT)

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The online marketplace for vehicles said in its 2024 report that 19% of new listings at year-end were built in Mexico. A 25% tariff could increase the average price of those Mexican-built cars to $49,600 from $39,700, Roberts says. Volkswagen, Nissan, Stellantis and General Motors are among the automakers with the largest share of inventory built in Mexico, Roberts says. 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The online marketplace for vehicles said in its 2024 report that 19% of new listings at year-end were built in Mexico. A 25% tariff could increase the average price of those Mexican-built cars to $49,600 from $39,700, Roberts says. Volkswagen, Nissan, Stellantis and General Motors are among the automakers with the largest share of inventory built in Mexico, Roberts says. 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The online marketplace for vehicles said in its 2024 report that 19% of new listings at year-end were built in Mexico. A 25% tariff could increase the average price of those Mexican-built cars to $49,600 from $39,700, Roberts says. Volkswagen, Nissan, Stellantis and General Motors are among the automakers with the largest share of inventory built in Mexico, Roberts says. ","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"STLA":"Stellantis NV","VWAPY":"Volkswagen AG","NSANY":"日产汽车","CARG":"Cargurus Inc.","GM":"通用汽车"},"translate_title":"特朗普对墨西哥征收关税将提高汽车价格，削弱新销量——市场传言","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"GM":0.9,"CARG":0.9,"NSANY":0.9,"STLA":0.9,"VWAPY":0.9},"content_text":"1312 ET - Donald Trump is threatening to put a 25% tax on Mexican imports that could spur sharp price hikes for the automotive industry while cutting into new sales, CarGurus' Kevin Roberts says in a note. The online marketplace for vehicles said in its 2024 report that 19% of new listings at year-end were built in Mexico. A 25% tariff could increase the average price of those Mexican-built cars to $49,600 from $39,700, Roberts says. Volkswagen, Nissan, Stellantis and General Motors are among the automakers with the largest share of inventory built in Mexico, Roberts says. (dean.seal@wsj.com) \n\n\n  (END) Dow Jones Newswires\n\n\n  January 22, 2025 13:12 ET (18:12 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}