Australian Car Buyers Face $3,000 Price Hike Amid Tariff Uncertainty
2025-02-03
Bloomberg on MSN.com
The Australian automotive industry is bracing for a significant price increase, with car prices expected to rise by up to $3,000 due to tariff concerns. The auto sector is at risk of shutdown, according to the president of Canada's Automotive Parts Manufacturers' Association, who warned of a potential collapse within a week. Australian car buyers may face higher costs for new vehicles, impacting sales and the overall market. With the threat of tariffs looming, the industry is on high alert, and experts are warning of a potential downturn in the automotive market, affecting car prices and sales in Australia, including popular models and electric vehicles.
