1223 GMT - U.S. President Trump's 25% tariffs on all imported automobiles, in addition to imported parts over time, is unequivocally negative for the auto retail ecosystem in the near and medium-term, JPMorgan analysts write. Around 50% of vehicles sold in the U.S. are imported, and assuming these costs are passed on the consumers, it is likely to result in a $4,000-$5,300, or 9%-12%, average increase in average ticket prices, the bank says. The steep and broad-based tariffs are likely to cause supply-chain disruptions globally, with an immediate hit to production, it adds. Based on U.S. sales exposure, JPMorgan sees Honda, Ford, Stellantis and GM as best positioned, while Ferrari, Porsche and Jaguar Land Rover have the highest exposure. (dominic.chopping@wsj.com)
(END) Dow Jones Newswires
March 27, 2025 08:23 ET (12:23 GMT)
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