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Trump's Tariffs Drive 2026 Vehicle Prices Up $2,000

12/8/2025

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Story summary
  • U.S. President Donald Trump’s tariffs boosted price increases for 2026 model-year vehicles to about $2,000.
  • Analysts say competitive pressures and inventories have limited 2025 price hikes to about $400.
  • Average transaction prices rose to $49,105 in October, despite claims of falling prices.
  • The Trump administration’s fuel-efficiency rollback could save automakers money but raise consumer fuel costs and emissions.