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    Home > Headlines > Hyundai considering 1% price hike on US vehicles to counter tariff hit, Bloomberg News reports
    Headlines

    Hyundai considering 1% price hike on US vehicles to counter tariff hit, Bloomberg News reports

    Published by Global Banking & Finance Review®

    Posted on May 29, 2025

    2 min read

    Last updated: January 23, 2026

    Hyundai considering 1% price hike on US vehicles to counter tariff hit, Bloomberg News reports - Headlines news and analysis from Global Banking & Finance Review
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    Tags:Automotive industryfinancial managementconsumer perception

    Quick Summary

    Hyundai plans a 1% price increase on US vehicles to counter tariff impacts, affecting new models. Shipping and option fees may also rise.

    Hyundai Plans 1% Price Increase on U.S. Vehicles Amid Tariff Pressures

    (Reuters) -Hyundai Motor is considering a 1% price increase on its entire U.S. lineup, looking to soften a hit from U.S. President Donald Trump's tariffs, Bloomberg News reported on Thursday, citing people familiar with the matter.

    The price hikes could come as soon as next week and would affect the suggested retail price of every model in its lineup, the report said, adding that they would apply to newly built vehicles, leaving cars that are already in dealer lots unaffected.

    The South Korean automaker is also likely to raise charges on shipping and fees for options such as floor mats and roof rails in a move that would help it avoid further raising the base price of its vehicles, Bloomberg News said.

    Reuters could not immediately confirm the report. Hyundai did not immediately respond to a request for a comment.

    The industry has been dealing with higher supply chain costs due to Trump's tariffs, while concerns of a recession have led consumers to tighten their budgets.

    Hyundai has already taken steps to mitigate impacts from the automotive levies, including moving some Tucson crossovers production from Mexico to the United States and launching a task force aimed at cushioning some of the hit.

    (Reporting by Utkarsh Shetti in Bengaluru; Editing by Alan Barona)

    Key Takeaways

    • •Hyundai plans a 1% price increase on US vehicles.
    • •The increase aims to counteract tariff impacts.
    • •Price hikes will affect newly built vehicles only.
    • •Additional charges may apply to shipping and options.
    • •Hyundai is shifting some production to the US.

    Frequently Asked Questions about Hyundai considering 1% price hike on US vehicles to counter tariff hit, Bloomberg News reports

    1What is Hyundai considering to counteract tariff impacts?

    Hyundai Motor is considering a 1% price increase on its entire U.S. lineup to soften the impact from U.S. tariffs.

    2When could the price hikes take effect?

    The price hikes could come as soon as next week and would affect the suggested retail price of every model in Hyundai's lineup.

    3What additional charges might Hyundai implement?

    Hyundai is likely to raise charges on shipping and fees for options such as floor mats and roof rails to avoid further raising the base price of its vehicles.

    4How is the automotive industry affected by tariffs?

    The industry has been dealing with higher supply chain costs due to tariffs, while concerns of a recession have led consumers to tighten their budgets.

    5What steps has Hyundai taken to mitigate tariff impacts?

    Hyundai has moved some Tucson crossovers production from Mexico to the United States and launched a task force aimed at addressing the impacts of automotive levies.

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