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Stock impact report

Automakers could start raising prices this year to offset tariffs, dealership executive says [CNBC]

Sonic Automotive, Inc. (SAH) 
Last sonic automotive, inc. earnings: 4/29 07:00 am Check Earnings Report
Company Research Source: CNBC
Manufacturers are likely to start passing costs on to buyers through higher prices or by cutting costs on parts. So far, tariffs have had a relatively minor effect on vehicle prices, said one auto analyst, but they still cost major automakers billions in 2025, and many are expecting similar payouts in 2026. In this article Tariff costs are becoming unsustainable for automakers, the president of one of the largest public dealership groups said last week. Like many in the auto industry, Sonic Automotive is warning that sooner or later, prices will rise or automakers will start cutting features to stabilize costs. “The tariffs are too high on some of these brands, and they're going to pass pricing on,” Sonic Automotive president Jeff Dyke said on the company's fourth-quarter earnings call on Wednesday. “It's already happening.” It is unclear whether the auto industry will see any relief after the Supreme Court struck down some of the Trump administration's so-called “reciproca Show less Read more
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