Mitsubishi Motors stated on Tuesday it was climbing costs of US automobiles by 2.1% on common, the newest automaker to move alongside value will increase to shoppers as their bills rise from the Trump administration’s tariffs.
President Trump in April imposed 25% tariffs on automobile imports from Japan and almost all different nations, prompting Mitsubishi to droop deliveries from ports to US sellers. The Japanese car producer stated it resumed these deliveries final week.
The two.1% common gross sales weighted value hike efficient Wednesday “is a direct result of our regular and ongoing review of pricing in order to ensure we are in-line with segment expectations,” Mitsubishi stated.
Mitsubishi’s U.S. gross sales within the first three months of 2025 had been up 11% after gross sales in 2024 had been 110,000, up 26% and the model’s finest U.S. gross sales efficiency since 2019.
The corporate advised sellers that the worth hikes on steered retail costs wouldn’t impression automobiles in showrooms presently.
The corporate additionally stated it was making “significant global investments in new vehicles and new technologies.” It cited “updates to the new 2025 Outlander, recent announcements about a new battery EV coming to the U.S. and the study of joint-development with Nissan of a new vehicle to be built in the U.S. in the coming years.”
Trump stated final week that he might once more quickly hike auto tariffs.
Final month, Subaru of America hiked costs on a number of fashions between $750 and $2,055 relying on the mannequin and trim, in response to “current market conditions.”
Ford Motor in Might raised costs on three fashions produced in Mexico by as a lot as $2,000, turning into one of many first main automakers to answer Trump’s tariffs
