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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

The logo of South Korea's biggest automaker company Hyundai Motor is pictured at Pyeongtaek port in Pyeongtaek, South Korea, April 15, 2025.   REUTERS/Kim Hong-Ji/File Photo
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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.