The post Goldman Sachs analyst warns that Trump tariffs could drive car prices up by up to $15K appeared on BitcoinEthereumNews.com.

Mark Delaney, a Goldman Sachs auto analyst, warned that a 25% Trump tariff on imported cars could raise the price by $5K to $15K depending on the market price of the car. Wall Street and investors disagreed with Trump, claiming that tariffs could increase production costs for automakers and dampen demand by raising prices for consumers.  Goldman’s Delaney projected that prices paid by consumers at the yard/showroom could increase by $5,000 to $15,000 per vehicle, depending on how much of the car is imported. Trump’s tariff agenda was full of uncertainty for Wall Street, and many analysts at Bernstein also said the tariffs would add as much as $75 billion per year to automaker costs, which they would have to pass on to car buyers.  Stock markets fell after news spread that auto tariffs would be imposed on all imported cars, and shares of major automakers tumbled even further in after-hours trading after the White House clarified that the tariffs would also cover imported auto parts. Shares of the Big Three U.S. automakers hit the skids Yesterday as General Motors (GM) and Ford (F) fell 7.4% and 3.9%, respectively, while Europe-focused Stellantis (STLA) dropped 2%. Delaney predicts that Trump’s auto tariffs will push car prices up “Goldman analyst Mark Delaney believes a 25% tariff on imported cars could raise the price by $5,000 to $15,000. Locally made vehicles would see their prices increase as well b/c of parts tariffs raising costs to make the vehicle by up to $8,000, he said.” https://t.co/EHrytKxlOo — Ronald Brownstein (@RonBrownstein) March 27, 2025 Delaney and other experts predicted a price increase of up to $15K when Trump’s 25% tariffs on imported cars took effect early next month. Loop Capital’s Rick Paterson agreed that consumers should brace for ‘sticker shock’ as imported vehicle prices could…

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Filed under: News - @ March 28, 2025 4:26 pm