Analyst Cody Acree estimated that the average sticker price would rise about $5,790, based on the impact of the currently paused 25% levies on cars and components from Mexico and Canada. That would raise the cost of an average new car above $54,500, or nearly 12% higher than in 2024.

President Trump imposed 25% tariffs on imports from Mexico and Canada starting Saturday, as well as an additional 10% tariff on imports from China. However, Mr. Trump on Monday said he was pausing the tariffs on Canada and Mexico for 30 days after both countries agreed to direct additional resources to their borders.