Mexico’s rates, Canada could add $ 6,000 to the cost of a car, for an estimated

Americans who buy cars may need to bifurize thousands more if the proposed tariffs of President Donald Trump enter into force, according to data from the Benchmark Co Investment Bank.

The analyst Cody Acree estimated that the average price of the label would increase around $ 5,790, depending on the impact of the taxes currently in 25% in the cars and components of Mexico and Canada. That would increase the cost of a new average car above $ 54,500, or almost 12% higher than in 2024.

“We believe that the automotive sector is the most exposed to the risks of higher tariff decades, and the large number of our companies that participate in the support of this key consumer industry. “

Triumph slap 25% of tariffs on Canada and Mexico in early February, briefly rocking the markets, but then suspended the tasks for a month after arriving Tentative agreements with Prime Minister Justin Trudeau and President Claudia Sheinbaum.

Now, consumers and investors wonder equally which form will take the rates, or if they will enter into force. Benchmark calculated what would mean 25% of the levies for the average purchasing power of Americans in a popular purchase of large tickets.

Benchmark’s highest costs for a car are based on more than 22% of finished cars sold in the US. UU. They come from Mexico and Canada last year. In addition to that, the firm said that about 40% of the pieces used in vehicles also come to the United States from their American partners.

That is equivalent to more than $ 200 billion in exports to the United States last year. Specifically, Acree discovered that Mexico supplied $ 95 billion in full cars to the US. Components.

During a Industry event this week, Ford motor CEO Jim Farley said Trump’s proposals on Canada and Mexico, combined with 25% rates in Steel and aluminum importsThey have created headaches.

“President Trump has spoken a lot about making our automotive industry in the United States stronger, bringing more production here, more innovation in the United States, and if his administration can achieve it, it would be one of … the most signatory achievements “Farley said during a Wolfe Research Investment Conference. “Until now, what we are seeing is a lot of cost and a lot of chaos.”

– CNBC Michael Wayland contributed to this report.