From CNBC: 2025-04-12 09:00:00

Nissan’s Smyrna Vehicle Assembly Plant in Tennessee employs over 7,000 workers and produces the Leaf EV and Rogue crossover vehicles.

President Trump’s 25% tariffs on imported vehicles are expected to lead to a drop in global vehicle sales, higher prices, and increased industry costs of over $100 billion.

Tariffs could add $110 billion to $160 billion in annual costs to the automotive industry, impacting 20% of U.S. new-vehicle market revenues.

U.S. automakers may see costs increase by $107.7 billion due to tariffs on imported vehicles and upcoming levies on automotive parts.

Analysts believe new vehicle prices in the U.S. could rise by $2,000 to $4,000 in the next six to twelve months due to tariffs.

Automakers are responding to tariffs with various strategies, including temporary employee pricing deals and ceasing U.S. shipments.

Consumer sentiment worsened in April as inflation fears hit a level not seen since 1981, impacting vehicle affordability.

Telemetry expects 2 million fewer vehicles to be sold annually in the U.S. and Canada due to higher production costs and tariffs.

Auto loan rates remain high, with new vehicle rates over 9.64% and used vehicle rates nearly 15%.

Cox Automotive predicts price increases of $6,000 for imported vehicles and $3,600 for U.S.-assembled vehicles due to tariffs on automotive parts.



Read more at CNBC: Auto tariffs expected to cut sales by millions, cost $100 billion