Volkswagen aims to justify the price hike of its products, estimated to begin around April 22 or 23, by including import fees on the Monroney sticker. The automotive sector may face job losses as tariffs impact production costs, especially with retaliatory measures from Canada and Mexico. Stellantis has already begun laying off workers temporarily in North America as a direct consequence of these tariffs, notably impacting factories in Michigan, Indiana, and Canada. Higher vehicle prices, already up by 25% since the pandemic, will further deter consumers.
"We can expect more automakers to react in the coming days, but the full effects will be delayed as automakers and their dealerships run down existing inventory."
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