Will-tariffs-affect-toyota-vehicles Archives - Rocky Mount Toyota

Between talks of tariffs, stock market declines, and potential price hikes, it can be hard to catch your breath before the next story comes in. 

With the potential for prices to rise on imported goods, from your iPhones to your favorite brand of moisturizer, the question many are asking is, “How will tariffs impact car prices?”

Follow along as we help you break down what’s currently happening in the automotive industry, your beloved core Toyota models, and answer the most asked question: will Toyota be affected by tariffs?

Automakers Respond to 25% Car Tariffs and What’s Still to Come

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On March 26, Trump announced that a 25% tariff would be imposed on imported cars and car parts in the following week. A tariff is a tax that the government places on goods imported from other countries. 

In remarks from the Oval Office, Trump said, “I think our automobile business will flourish like it’s never flourished before,” NPR reported. While some have praised the move, citing it could mean more shift availability for plant workers in the United Auto Workers union, foreign automakers were less than enthusiastic. 

According to NPR, the CEO of Autos Drive America, Jennifer Safavian, saw potential implications when it comes to vehicle cost and job opportunities for those in the United States.  

Safavian said, “The tariffs imposed today will make it more expensive to produce and sell cars in the United States, ultimately leading to higher prices, fewer options for consumers, and fewer manufacturing jobs in the U.S.” 

As the new tariff policy begins to take effect, automakers are attempting to give customers a window of opportunity to buy without fear, at least for a few months. 

According to WFMY 2 News, “Car makers are hoping to get consumers to buy now.” And how are they bringing people down to the car lot and behind the wheel? Putting a pause on price hikes. 

Autotrader Executive Editor Barry Moody told WFMY 2 News, “Hyundai, which builds cars in the U.S., has decided they are not going to raise prices. At the same time, it’s true of Toyota and Honda as well.” 

As Toyota and fellow car manufacturers attempt to keep prices steady, the window of opportunity is slowly creeping to a close as the auto industry awaits the tariff on car parts, which is set to go into effect on May 3. 

Will Toyota Be Affected By Tariffs? 

The effect of tariffs on Toyota vehicles will largely depend on where the vehicle is manufactured and whether it utilizes imported parts. 

As the leading vehicle import brand in the U.S., it wasn’t long before Toyota established a manufacturing plant in America, a feat that could now work in their favor. 

Models built in the U.S. may see minimal pricing changes as tariffs begin to take effect, meaning that some of your favorite Toyota SUVs and sedans still have their affordable price tags. 

Toyota models that are manufactured in the U.S. include: 

• Camry
• Corolla 
• Corolla Cross
• Grand Highlander
• Sequoia 
• Sienna 
• Tundra
• RAV4

Get the Best Deal on a Toyota Today and Stay Up to Date With Rocky Mount Toyota 

Along with the reliability and safety of our vehicles, the team at Rocky Mount Toyota values transparency. Stay up to date on tariff developments and their impact on Toyota vehicles with our blog. 

In the face of rising costs and market uncertainty, secure the best value on your next Toyota by shopping our online inventory of new Toyota cars for sale. 

As we work together to navigate current changes and those still to come, we are here to help you find the ride that fits your needs. Contact us today!