Mitsubishi hiking prices on new U.S. vehicles by average 2.1%

CTV News

4 hours ago

The Mitsubishi Outlander at the New York International Auto Show, on April 2, 2015. (AP / Mary Altaffer)
WASHINGTON — Mitsubishi Motors said on Tuesday it was hiking prices of U.S. vehicles by 2.1 per cent on average, the latest automaker to pass along cost increases to consumers as their expenses rise from the Trump administration's tariffs.
U.S. President Donald Trump in April imposed 25 per cent tariffs on car imports from Japan and nearly all other countries, prompting Mitsubishi to suspend deliveries from ports to U.S. dealers. The Japanese automobile manufacturer said it resumed those deliveries last week.
The 2.1 per cent average sales weighted price hike effective Wednesday 'is a direct result of our regular and ongoing review of pricing in order to ensure we are in-line with segment expectations,' Mitsubishi said.
Mitsubishi's U.S. sales in the first three months of 2025 were up 11 per cent after sales in 2024 were 110,000, up 26 per cent and the brand's best U.S. sales performance since 2019.
The company told dealers that the price hikes on suggested retail prices would not impact vehicles in showrooms currently.
The company also said it was making 'significant global investments in new vehicles and new technologies.' It cited 'updates to the new 2025 Outlander, recent announcements about a new battery EV coming to the U.S. and the study of joint-development with Nissan of a new vehicle to be built in the U.S. in the coming years.'
Trump said last week that he may again soon hike auto tariffs.
Last month, Subaru of America hiked prices on several models between US$750 and US$2,055 depending on the model and trim, in response to 'current market conditions.'
Ford Motor in May raised prices on three models produced in Mexico by as much as US$2,000, becoming one of the first major automakers to respond to Trump's tariffs.
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Reporting by David Shepardson; Editing by Franklin Paul and Mark Porter