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Hyundai considers 1% U.S. price increase but denies tariff link

Only newly built models would bear the hike after Hyundai’s routine pricing review, supported by U.S. production expansion to curb import costs

Overview

  • People familiar with the matter say Hyundai is weighing a 1% uptick to the suggested retail price of every U.S. model as soon as next week, leaving current dealer inventory untouched.
  • To avoid further raising base prices, the automaker intends to raise shipping charges and option fees for features fitted before vehicles reach dealers.
  • Hyundai emphasizes that no final decision has been made and that any adjustment is part of its regular annual pricing review, not a direct response to President Trump’s 25% import levy.
  • The company has already shifted some Tucson crossover production from Mexico to U.S. plants and unveiled a $21 billion investment aimed at localizing 70% of its U.S. sales.
  • Other carmakers such as Ford and Subaru have also raised import model prices or pulled financial targets amid ongoing global trade uncertainties.