TL;DR
- Chevrolet vehicles may face price increases due to U.S. automotive tariffs on imported cars and parts.
- Vehicles built outside the U.S. or using foreign parts could see price hikes up to $13,000.
- Even U.S.-assembled Chevys might be affected if they include imported components.
- Tariffs may also lead to inventory shortages, production delays, and part supply issues.
- Buying now or choosing U.S.-built models can help avoid higher costs.
The automotive tariffs apply to a range of different countries that produce vehicles used in the US. Chevrolet does produce vehicles and parts outside of the US, so they can be impacted by the upcoming tariffs. Though there are a lot of changes happening quickly, it is safe to say that there will be some tariffs that will impact Chevrolet customers, so it is important to know what they are and how to save money.
Know Where the Vehicles are Made
The key to whether tariffs will impact the price of the vehicle depends on where the vehicle is built. Chevrolets at dealerships like karl malone chevrolet may be built in the US, Mexico, South Korea, and other countries. Even if they are built in the US, they can be built using parts that are imported from another country, and those parts will have tariffs applied to them. Those built domestically, though, may end up being less expensive than those that are built in a foreign country and shipped to the US for sale.
What Will the Cost Increase Be?
The information on the tariffs is changing rapidly, so it is challenging to determine the exact price increase. However, imported vehicles may rise by up to $13,000, while domestically-built vehicles may rise by an average of $4,000. This will all depend on where the parts are made, where the vehicle is built, and when it’s sold to the buyer.
Buyers will want to check out today’s prices to see if they’d like to make a purchase now, as it’s likely to increase at least some in the near future.
Beyond the Price Increases
Pricing isn’t the only issue to be aware of when looking to buy a vehicle in the coming months. Experts also worry that there will be limited inventory available as there are shifts to how the vehicles are produced to lessen the impact of the tariffs. There is also likely going to be delays for new models, replacement parts, and more because of changes in the supply chain. It may be necessary for buyers to be patient if they’d like to buy a specific model, as prices could change as Chevrolet moves more production to the US.
How to Avoid Paying Tariffs
Those who are ready to buy a vehicle may want to act now, before the tariffs take effect. If it is necessary to wait to purchase a vehicle, it’s going to be a good idea to look into the models that are built in the US. Some vehicles may be made both domestically and abroad, so it is crucial to be careful to choose a specific vehicle built in the US.
Staying informed of the latest updates to the tariffs can help prospective buyers make sure they time the sale right to avoid having to pay more for the same vehicle.
Frequently Asked Questions
Are Chevrolet vehicles affected by U.S. automotive tariffs?
Yes. Chevrolet manufactures vehicles and parts in various countries. Models or components made outside the U.S. may be subject to new tariffs, impacting overall prices.
How much more will I pay for a Chevrolet because of tariffs?
Imported vehicles may increase in price by up to $13,000, while U.S.-built vehicles could rise around $4,000 depending on part origins and tariff timelines.
Can U.S.-built Chevys still be impacted by tariffs?
Absolutely. Even if assembled domestically, many Chevrolet vehicles use foreign parts that will be affected by the tariffs, contributing to higher final prices.
Will the tariffs affect vehicle availability or delivery times?
Yes. Disruptions in production and the global supply chain could lead to delays in new vehicle releases, limited inventory, and slower parts replacement.
How can I avoid higher prices caused by the new tariffs?
Buy now before tariffs fully roll out, prioritize models confirmed to be U.S.-built, and work with a dealership to track manufacturing origins and policy updates.
Conclusion
If you’re planning on buying a Chevrolet in the near future, it may be best to start thinking about purchasing it now, before the tariffs go into effect, even if the vehicle is built in the US. Parts may still be made overseas, so they may still be subjected to tariffs.
To get the latest information on tariffs and their impact, talk to a local dealership. They can help with finding a new vehicle and minimizing the impact of the tariffs.
