President Trump’s tariffs could cause prices of popular cars to soar up to $16,000

President Trump’s decision to impose a 25% tariff on imported cars and parts will leave its mark on the automotive industry, and consumers will feel it. The full extent of the damage will only become clear after the dust settles, but early predictions indicate that it will be unpleasant.

According to , prices of some of the most popular cars in America could increase by $6,000 – $16,000. This applies to models from both domestic and foreign manufacturers.

Within the General Motors group, Chevy Silverado and GMC Sierra models are among the most popular in the country, and many are produced here. However, some are imported from Silao, Mexico, and they fall under the “Trump tax”.

Since the average price of the Silverado 1500 is $55,612, the cost could rise to $69,515 after accounting for the new tariff. On the other hand, the Nissan Sentra could increase by $6,039, which would raise the average price to $30,194.

Impact of Tariffs on the Most Popular Non-domestic Cars in the USA

Staying within GM, by 2025, the Chevrolet Equinox will be exclusively built in San Luis Potosi, Mexico. This could be disastrous as the 25% tariff adds $8,302 to the average price range.

If Dodge already struggled to sell the electric Charger Daytona, tariffs might finally put an end to its existence. This car, built in Canada, starts at $59,595, so with tariffs, this price will rise to $74,494. However, the average price category is $66,701, so consumers might face an increase of $16,675.

Talking about Toyota, the Mexican Tacoma could fall victim to a sales nightmare due to an $11,775 price increase due to tariffs. A similar situation in Japan concerns the 4Runner, which may see the average price category increase by $13,532.

While it could be continued at length, the main moral is that all imported cars could face a 25% price increase starting from April 2. However, some automakers might absorb part of the rise to reduce the impact on sales. This might be more feasible initially, but all bets are off when it comes to long-term consequences.

The Most Popular Non-domestic Cars in the USA Located at a 25% Premium

Of course, new cars won’t be the only ones affected. As iSeeCars executive analyst Karl Brauer noted, used car prices will rapidly rise as consumers find it more challenging to find affordable new cars. He also noted that this will be a price increase similar to what happened during the pandemic when new car production was restricted, and demand for used vehicles increased.