Ford Raises Prices on Mexico-Made Models amid US Tariff Impact
Detroit, May 7— Ford Motor Company has announced a price increase for three of its vehicle models manufactured in Mexico, effective from May 2. This move makes Ford one of the first major automakers to raise prices in response to new tariffs imposed by U.S. President Donald Trump.
According to a notice reviewed by Reuters, the Mustang Mach-E electric SUV, Maverick pickup, and Bronco Sport will see price increases of up to $2,000 on select versions. This decision comes shortly after Ford revealed that the ongoing U.S. trade conflict could cost the company approximately $2.5 billion in 2025, prompting it to suspend its annual financial outlook. General Motors (GM) has also warned of significant cost impacts due to the new import tariffs.
A Ford representative stated that the price adjustments will apply to vehicles produced after May 2, which are expected to reach dealerships by late June. The spokesperson described the price change as a combination of standard mid-year pricing revisions and partial adjustments for the newly imposed tariffs, noting that not all tariff costs are being passed on to consumers.
The automotive sector has faced considerable uncertainty since the implementation of Trump’s tariffs, with several car manufacturers reevaluating forecasts, relocating production, and even halting operations at certain plants.
Although the administration has introduced credits for domestically produced components to offset some effects and avoid duplicate tariffs on raw materials, the 25% tariff on roughly 8 million imported vehicles per year remains in place.
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