Ford Motor Company is increasing prices on several vehicle models due to the impact of tariffs. These price adjustments reflect the broader challenges faced by the automotive industry as tariffs lead to higher production costs. Used car prices are also seeing a resurgence, further straining consumer budgets. Ford specifically cited tariffs as the reason for raising prices on models produced in Mexico. The decision underscores the financial pressures automakers endure when global trade policies shift. The price hikes include popular models like the Mustang Mach-E, illustrating how tariffs can directly affect consumer affordability.
— new from Barron’s