Mitsubishi raises our prices due to tariffs

The Japanese automaker said on Tuesday that Mitsubishi Motors’ prices will rise by 2.1% on average.

Mitsubishi temporarily suspends delivery to U.S. dealers amid Donald Trump’s announcement of tariffs in April Recovered last weekReuters report. The company said the new price increase that came into effect on Wednesday will not apply to any vehicles in the current dealer showroom.

A company spokesman said Mitsubishi “reviews vehicle pricing regularly to ensure we meet segment expectations and latest market trends.

“Based on our latest assessment across the industry, Mitsubishi will modify the manufacturer’s suggested retail price (MSRP) to a 2025 selected vehicles, effective June 18. There will be no adjustments to vehicles already in the dealer’s inventory,” the spokesperson said.

Mitsubishi’s outstanding performance: sales rose 26% in 2024 to 110,000, the best performance since 2019. It looks just as promising as 2025 Sale In the first three months of this year it was 11%. The company will soon reveal new Outlander models and updates to new electric vehicles plan 2026.

Last week, Trump became addicted to hiking tariffs againostensibly more American production on land. However, automatic tariffs have always been huge unwelcome and the automotive industry. Mitsubishi is not the first to raise prices: both Subaru and Ford This did it for as much as $2,000.

March, Standard & Poor’s Global Downgrade Its forecast for U.S. vehicle sales will increase by 700,000 in 2025.

Meanwhile, Fitch Ratings data showed that the number of secondary car borrowers rose to 6.56% at least 60 days ago, the highest number since the agency began collecting data in 1994.

Mariano Torras, an economics professor at Adelphi University, said rising violations point to fundamental economic weaknesses. What is happening between secondary car borrowers is “canary in coal mines” and the problem of secondary car loans may spread to other parts of the economy, he said.

– Kevin Williams contributed to this article.

correct: An earlier version of this story misunderstood Mitsubishi’s words about price increases. The company said it “recursively reviews vehicle pricing” and that the price increase is in line with its “latest assessment across the industry.” Mitsubishi did not say that prices were raised due to tariffs.