The automotive sector launches a cry of alarm: the prices of new cars could undergo a surge in 2025, with an estimated average increase up to 3,000 euros per car. The duties imposed by the President of the United States would cause this sting Donald Trumpcurrently suspended for a period of 30 days.
The surge of cars prices
If the duties imposed by Donlad Trump come into force at their fulfillment, they risk triggering a domino effect on the entire automotive supply chain, with direct repercussions not only on cars, but also on components and all the products marketed in Italy. The estimates speak of an average increase in 3,000 euros on the price of new cars starting from 2025.
To report the possible increase in prices is Federcarrozzierithe association of Italian trucks. “In 2024 the average price of a car stood at 30,096 euros in Italy, with a huge growth of +43% compared to the pre-covid period (21 thousand euros in 2019)”, said the president of Federcarrozzieri, Davide Galli.
“The duties risk determining a new surge in cars lists on a global level, which in 2025 could rise to an average of 2,500/3,000 euros compared to current prices as a consequence of the protectionist commercial policies of the USA which would affect not only on Mexico, Canada O China, but on the entire world automotive chain “.
The duties in Mexico and Canada
According to the same association, the car producers would undergo a hard impact in terms of non -profits and economic losses even if the duties were not imposed on Europe but only in Mexico and Canada. For analysts, who take into account the number of cars sold annually in the United States by each brand, the new duties could negatively influence the revenues of companies such as Volkswagen about 8 billion euros.
The estimated losses for Stellantis would be even more large, with a figure that could reach the 16 billion euros. In general, there is talk of an average reduction in profits between -5% and -15% for the main car manufacturers. Currently there are numerous brands that produce vehicles in Mexico and Canada, the two countries affected by duties: from Volkswagen, to Audi, from BMW to Stellantis. And still Hyundai, Kia, Mazda, Toyota and Nissan.
The Mexicoin particular, with an annual production of 3.5 million carsrepresents the main country of origin for cars sold by the Volkswagen group in the United States, with a 44% share on total sales in 2024. Also for Stellantis, Mexico, together with Canadaplays a fundamental role in the production of cars intended for the US market, with a total share of 40%. For Nissan, Mexico represents the third country of origin for cars sold in the USA, with a percentage of 31%. Mazda follow with 23% and Honda with 13%.
How cars prices change
The imposition of duties would not only affect car manufacturers, but the whole components chainas Federcarrozzieri reveals, including Airbag and seat belts (products from Autoliv), tires (Michelin and Pirelli), seats (Yanfeng), brakes (Brembo), Components for electric motors (Eurogroup Laminations).
The association calculated the economic impact of the duties by assuming an increase in cars price lists of 10%. According to this analysis, The prices of the best -selling basic models in Italy would undergo the following variations:
- Fiat Panda (hybrid) +1,595 euros;
- Jeep Avenger (petrol) +2,475 euros;
- Citroen C3 (petrol) + 1,524 euros;
- Toyota Yaris Cross (hybrid) + 2,865 euros;
- Peugeot 208 (hybrid) +2,422 euros;
- Toyota Yaris (hybrid) +2,455 euros;
- Lancia Ypsilon (hybrid) +2-390 euros;
- Volkswagen T-Roc (petrol) +3,035 euros.
