Latest news with #ToyotaCamryHybrid
USA Today
05-05-2025
- Automotive
- USA Today
Economists estimate new tariff costs to range between $2,000 to $12,000 per vehicle
Economists estimate new tariff costs to range between $2,000 to $12,000 per vehicle Show Caption Hide Caption Gov. Gretchen Whitmer agrees with Donald Trump on manufacturing, not widespread tariffs Michigan's Governor Gretchen Whitmer delivered a speech in Washington, D.C. for 'Build, America, Build." Anderson Economic Group has estimated that Trump's revised tariffs on parts still results in tariffs of $2,000 to possibly $15,000 per vehicle. The Ford Mach-E still falls into a high tariff group because it is built in Mexico. A Michigan economics group, calculating tariff impact after President Donald Trump's latest executive orders, has estimated that the least-impacted vehicles will still face a $2,000 tariff and the most impacted will see a tariff of $15,000. Anderson Economic Group started analyzing the costs of tariffs imposed on a variety of vehicles sold in the United States as soon as Trump signed his latest executive orders on auto tariffs, Patrick Anderson, CEO of the consulting firm, told the Detroit Free Press. The firm's new estimates include the changes Trump made on April 29 intended to provide some relief to automakers who assemble vehicles in the United States but use foreign parts in them. The order provides a small break on tariffs for two years to allow automakers time to re-source parts from domestic suppliers. "The adjustments provide significant and beneficial softening of the cost impact of these tariffs, at least for US-assembled vehicles," said Anderson, who is the lead author of this study. "However, the cost is still substantial for most American cars and trucks.' Some vehicles will see a $15,000 hit Anderson noted that many U.S. consumers have been taking no chances saying, 'The sales surge in March confirms that Americans expect prices to go up because of tariffs, and the revised (Anderson Economic Group) estimates confirm they are right." Anderson Economic Group estimated the tariff costs under the adjusted policy as follows: Lower impact : These are vehicles assembled in the United States with substantial U.S. parts content. The estimated tariff costs will be $2,000 to $3,000 per vehicle. Examples: Honda Civic, Honda Odyssey, Chevrolet Malibu, Toyota Camry Hybrid and Ford Explorer. : These are vehicles assembled in the United States with substantial U.S. parts content. The estimated tariff costs will be $2,000 to $3,000 per vehicle. Examples: Honda Civic, Honda Odyssey, Chevrolet Malibu, Toyota Camry Hybrid and Ford Explorer. Medium impact : Vehicles in this group will pay a tariff of $4,000 to $8,000. Some Jeep and Ram truck models are in this category, as are the Chrysler Pacifica van, BMW X3, Ford Bronco Sport and Volkswagen Jetta. Some vehicles assembled in Texas, such as the Chevrolet Suburban and GMC Yukon large SUVs, will see a tariff of just under $8,000, a reduction from the previous estimate of $11,000 in tariffs before Trump adjusted the tariffs. : Vehicles in this group will pay a tariff of $4,000 to $8,000. Some Jeep and Ram truck models are in this category, as are the Chrysler Pacifica van, BMW X3, Ford Bronco Sport and Volkswagen Jetta. Some vehicles assembled in Texas, such as the Chevrolet Suburban and GMC Yukon large SUVs, will see a tariff of just under $8,000, a reduction from the previous estimate of $11,000 in tariffs before Trump adjusted the tariffs. High impact: These are mostly full-size luxury SUVs, some all-electric vehicles and cars assembled in Europe and Asia. The tariff impact on these vehicles will be $10,000 to $12,000, with some EVs and European and Asian luxury vehicles having an estimated tariff exceeding $15,000. Mercedes G-Wagon, other Mercedes sedans, Land Rover and Range Rover vehicles, some BMW models and the Ford Mach-E, fall into this group. Anderson said that because the list prices and content on specific vehicles within model lines vary considerably, so will the tariff impact. General Motors, however, disagreed with some of Anderson's findings. GM spokesman Jim Cain said, 'The calculation on the large SUVs overstates GM's tariff exposure on those vehicles. It is almost guesswork.' Class action lawsuits: Automaker GM knew about V8 engine problems for years before giant, lawsuit claims Cain declined to provide the exact dollar exposure the large SUVs may have to tariffs, saying that is proprietary information. Anderson said he stood by the calculation, citing GM's filings with the U.S. government as the source for how much U.S. content GM has in those vehicles, hence its tariff exposure. Trump's tariff tweak helps only a little On April 3, Trump put a 25% tariff — the tax an importer pays on a good when it crosses international borders — on all imported vehicles to encourage more U.S. manufacturing. Trump was set to then enact 25% tariffs on all imported parts starting May 3. But given that most vehicles assembled in the United States contain a lot of imported parts, the duties on those parts would run into thousands of dollars per vehicle. So on April 29, the administration modified its 25% tariffs on foreign auto parts. In a complex formula, the executive orders Trump signed will now allow automakers to be reimbursed for those tariffs up to an amount equal to 3.75% of the value of a U.S.-made car for one year. The reimbursement drops to 2.5% of the car's value in a second year, and then is phased out. "The April 29 proclamation reduces tariff costs for some vehicles assembled in the United States, butdoes not eliminate tariff costs from any vehicle we studied," Anderson said in the study's news release. "For vehicles assembled in other countries, including those assembled using substantial U.S. content, the new policy does not significantly reduce the cost of the automotive tariffs." For example, the all-electric Ford Mach-E is assembled in Mexico and has a list price of about $55,000. Anderson said before the April 29 executive order, it had a tariff exceeding $12,000. He said it will still have that high tariff. But the Ford Explorer, which Ford assembles in Illinois and has a list price of about $50,000, previously had a tariff impact of about $4,300. That will drop to about $2,400, under the new rules. For specifics on the study and Anderson's methodology visit its website at Jamie L. LaReau is the senior autos writer who covers Ford Motor Co. for the Detroit Free Press. Contact Jamie at jlareau@ Follow her on Twitter @jlareauan. To sign up for our autos newsletter. Become a subscriber.
Yahoo
01-05-2025
- Automotive
- Yahoo
Automakers could still face $2,000 to $12,000 vehicle price impacts from tariffs
WASHINGTON (Reuters) -A Michigan-based economic consulting group said Thursday that automakers will still face $2,000 to $12,000 price impacts despite softened auto parts tariffs imposed by the White House and retaliatory tariffs. Anderson Economic Group said U.S. assembled vehicles like Honda Civic and Honda Odyssey, Chevy Malibu, Toyota Camry Hybrid, and Ford Explorer will face impacts of $2,000 to $3,000, while imported vehicles could see $10,000 to $12,000 tariff impacts including full-size luxury SUVs, some EVs and other vehicles assembled in Europe and Asia with some vehicles including the Mercedes 7203.T G-Wagon, Land Rover and Range Rover models, some BMW models, and the Ford Mach-e. Sign in to access your portfolio
Reuters
01-05-2025
- Automotive
- Reuters
Automakers could still face $2,000 to $12,000 vehicle price impacts from tariffs
WASHINGTON, May 1 (Reuters) - A Michigan-based economic consulting group said Thursday that automakers will still face $2,000 to $12,000 price impacts despite softened auto parts tariffs imposed by the White House and retaliatory tariffs. Anderson Economic Group said U.S. assembled vehicles like Honda (7267.T), opens new tab Civic and Honda Odyssey, Chevy Malibu (GM.N), opens new tab, Toyota Camry Hybrid (7203.T), opens new tab, and Ford Explorer will face impacts of $2,000 to $3,000, while imported vehicles could see $10,000 to $12,000 tariff impacts including full-size luxury SUVs, some EVs and other vehicles assembled in Europe and Asia with some vehicles including the Mercedes ( opens new tab 7203.T G-Wagon, Land Rover and Range Rover models, some BMW models, and the Ford Mach-e (F.N), opens new tab.
Yahoo
05-04-2025
- Automotive
- Yahoo
Top 10 Best Tariff-free Used Cars in April 2025
Buying a used car can be a smart financial decision, but it also comes with challenges. Shoppers want reliability, safety, and efficiency — all at a reasonable price. To help navigate the pre-owned market, Consumer Reports has released its latest list of the best used cars available in April 2025. These models excel in reliability, performance, and value, giving buyers the confidence to make informed decisions. Consumer Reports evaluated vehicles based on road test performance, reliability ratings, and safety features. The chosen models had to have electronic stability control (ESC) as standard equipment and maintain above-average reliability for multiple years. This selection ensures that buyers can find vehicles that balance affordability with quality, offering peace of mind when purchasing a pre-owned car. The 2016 Mazda 6 offers a dynamic driving experience with its smooth four-cylinder engine and agile handling. Its overall fuel efficiency of 32 mpg makes it a cost-effective choice. The well-finished cabin provides a premium feel, though rear-seat space is somewhat tight. The 2016 refresh improved cabin noise levels, enhancing highway comfort. Safety features include available forward collision warning, automatic emergency braking, blind spot monitoring, and rear cross-traffic alert. Redesigned in 2014, the Toyota Corolla remains a top choice for reliability and efficiency. The 2018 model offers a spacious interior, a smooth ride, and an efficient 1.8-liter four-cylinder engine delivering 32 mpg overall. Standard safety features include Toyota's TSS-P system, with forward collision warning, automatic emergency braking, and lane departure warning. LED headlights and a user-friendly infotainment system further enhance its appeal. The 2018 Mazda CX-5 balances sporty handling with a refined interior. Its 2.5-liter four-cylinder engine provides a responsive drive, while a well-tuned suspension improves ride comfort. Standard low-speed automatic emergency braking, along with blind spot warning and rear cross-traffic alert, ensure safety. The infotainment system, controlled by a console-mounted knob, requires some learning but is functional once mastered. For those prioritizing fuel economy, the 2019 Toyota Camry Hybrid is a top pick. The LE trim achieves an impressive 52 mpg overall and a 610-mile range. This generation of Camry features a comfortable ride, responsive handling, and a sleek design. Standard safety features include forward collision warning, automatic braking, lane departure warning, and adaptive cruise control. Apple CarPlay was introduced in 2019, making it a desirable tech upgrade. The 2021 Kia Sportage balances practicality and style with a refined powertrain and sporty handling that make it enjoyable to drive. Interior comfort is a standout, though outward visibility is slightly compromised. Later model years offer an improved infotainment system and expanded safety features, including automatic emergency braking and lane-keeping assist. The 2018 Toyota RAV4 Hybrid offers excellent efficiency with added power over the standard model. Updates in 2016 improved ride quality and cabin noise. The hybrid system provides better acceleration while achieving higher fuel economy. Reliability ratings for this model are among the highest in its class, making it a great long-term investment. For families needing extra space, the 2020 Mazda CX-9 offers a blend of style and performance. While it prioritizes a dynamic driving experience over sheer cabin volume, it remains a solid choice for those who enjoy driving. Standard features include pedestrian detection and a refined interior with available second-row captain's chairs. The 2020 model stands out for its reliability, making it a better pick than later versions. For buyers seeking luxury on a budget, the 2017 Lexus NX provides a premium feel with reliable Toyota engineering. The 2.0-liter turbocharged engine delivers 24 mpg overall, while the hybrid version improves efficiency to 29 mpg. The cabin is snug but well-appointed with premium materials. Blind-spot detection is recommended for added safety. The 2018 model introduced standard forward collision warning and automatic emergency braking. Known for its durability, the 2015 Toyota Tacoma remains a solid choice in the used truck market. It may not offer the most refined ride, but it excels in off-road capability and towing. The V6 engine provides strong performance, especially in the TRD Off-Road trim. A rust-proof composite bed adds to its practicality. The Tacoma was refreshed in 2012, making multiple years viable options for buyers. For driving enthusiasts, the 2019 Mazda MX-5 Miata is a standout. This lightweight roadster features sharp handling, responsive steering, and impressive reliability. The 2019 update increased engine output to 181 horsepower, making it more thrilling to drive. Both the manual softtop and retractable hardtop (RF) versions offer an engaging experience. Older models can be upgraded with Apple CarPlay by a dealer, enhancing their technology appeal. Navigating the used car market can be overwhelming, but Consumer Reports' rigorous evaluation and selection process helps to take some mystery out of the process. Each of these vehicles offers a blend of reliability, safety, and performance, ensuring that buyers get the best value for their money. Whether you're looking for an efficient hybrid, a capable SUV, or a fun-to-drive sports car, this list provides excellent options for every budget. By choosing one of these top-rated used cars, you can drive with confidence, knowing that your vehicle is built to last.
Yahoo
17-02-2025
- Automotive
- Yahoo
Toyota recalls nearly 147,000 vehicles. Check car recalls here and Bucks County dealers
Toyota is recalling almost 147,000 vehicles, according to the National Highway Traffic Safety Administration. For a complete list of recalled vehicles or to see if your car needs repairs, check the NHTSA website. Toyota is recalling 106,061 2024-2025 Tacoma four-wheel drive vehicles. The rear brake hoses can be damaged if mud and dirt builds up inside the rear wheels. This can result in a brake fluid leak. Dealers will replace both rear brake hoses, free of charge. Interim letters notifying owners of the safety risk are expected to be mailed on March 24. A second letter will be sent once the remedy is available. Owners may contact Toyota's customer service at 1-800-331-4331. Toyota's numbers for this recall are 25TB04 and 25TA04. Toyota is also recalling 40,922 vehicles. The second-row center seat belt webbing may be damaged. The vehicles in this recall are: 2025 Toyota Camry Hybrid 2025 Lexus NX250 2025 Lexus NX350 2025 Lexus NX350 Hybrid 2024-2025 Lexus RX350 2024-2025 Lexus RX350 Hybrid 2024-2025 Lexus RX500 Hybrid Dealers will inspect the seat belt webbing and replace the seat belt assembly if necessary, free of charge. Owner notification letters are expected to be mailed on March 24. Owners may contact Toyota's customer service at 1-800-331-4331. Toyota's numbers for this recall are 25TA03 and 25LA03. Faulkner Toyota, Trevose. Phone: 215-244-9300 Team Toyota, Langhorne. Phone: 215-798-9477 Thompson Toyota, Doylestown. Phone: 267-337-7028 Peruzzi Toyota, Hatfield. Phone: 215-997-1111 Sloan Toyota, Glenside. 215-885-5400 Conicelli Toyota, Plymouth Meeting. 610-557-1353 General Motors is recalling 70,768 2022 GMC Sierra 1500 vehicles equipped with chrome front grille deflectors. The attachments that hold the front grille deflectors in place may fracture, resulting in grille detachment. The remedy is currently in development. Owner notification letters are expected to be mailed on March 24. Owners may call GM customer service for GMC at 1-800-462-8782. GM's number for this recall is N242490120. Faulkner 4427 E Street Rd, Feasterville-Trevose 267-984-4658 Peruzzi 156 Lincoln Hwy, Fairless Hills 866-526-8445 Reedman Toll Auto Group 1700 Lincoln Hwy, Langhorne 215-402-7280 O'Neil Buick GMC 869 W Street Rd, Warminster 267-289-2343 Patriot Chevrolet of Warminster 829 W Street Rd, Warminster 215-259-5827 Bryner Chevrolet 1750 The Fairway, Jenkintown 215-402-7267 Bergey's Chevrolet and Buick 518-610 PA-309, Colmar 267-209-3053 Bridge work in U. Bucks delayed: Detour is delayed for work on Uhlerstown-Frenchtown Bridge over Delaware River Volvo is recalling 2,061 2025 EX90 vehicles. Due to a software error in the low-power controller, the headlight shutters may close over the high and low beams while driving. The LPC software will be updated through an over-the-air update or by a dealer, free of charge. Owner notification letters are expected to be mailed on April 3. Owners may contact Volvo's customer service at 1-800-458-1552. Volvo's number for this recall is R10298. Keystone Volvo of Doylestown, 235 S Main St, Doylestown, 215-348-9438 Faulkner Volvo Cars Trevose, 4429 Street Rd, Feasterville-Trevose, 215-961-9901 Volvo Cars Fort Washington, 115 N Bethlehem Pike, Fort Washington, 215-653-7300 Hyundai is recalling 1,508 2025 Hyundai IONIQ 5 "N" vehicles equipped with a left-foot braking feature. The integrated electronic brake and vehicle control unit software may cause reduced braking performance when left-foot braking is activated. Owners are advised not to use the left-foot braking feature until the remedy has been performed. Dealers will update the integrated electronic brake and vehicle control unit software, free of charge. Owner notification letters are expected to be mailed on April 7. Owners may contact Hyundai customer service at 1-855-371-9460. Hyundai's number for this recall is 275. Fred Beans Hyundai of Langhorne, 1106 East Lincoln Highway. Phone: 215-945-8003; 267-587-3674 Fred Beans Hyundai of Doylestown, 4465 W. Swamp Road. Phone: 215-345-8200 Ciocca Hyundai of Quakertown, 550 S. West End Blvd. Phone: 215-883-9295 Fred Beans Hyundai of Willow Grove, 1645 Easton Road. Phone 215-392-9020 This article originally appeared on Delaware News Journal: HTSA: Toyota, GM, Volvo, Hyundai recall vehicles
