If you’re still waiting to buy a luxury SUV near Los Angeles and you’re worried about rising prices, you’re not alone. With new restrictions on imported goods, the automotive industry is facing a significant change. Thankfully, the Keyes Lexus team is here to answer your questions about rising vehicle costs.
How Might Vehicle Prices Increase?
With the recent tariffs impacting international trade, luxury vehicles imported from outside the U.S. are certainly affected. That makes manufacturing more expensive, which may lead to a price increase for any models built in another country. However, even domestically built models use components and materials sourced outside the United States, potentially impacting nearly every vehicle from every major OEM.
What Lexus Models Are Affected by Tariffs?
Most Lexus vehicles are manufactured in Japan, which currently has a 25% tariff on automotive imports. This includes the Lexus IS, Lexus GX, and Lexus LC, among other popular models. While the Lexus ES and Lexus TX are manufactured in the United States, any imported parts used to make them are subject to tariffs. While a recent 90-day pause on reciprocal tariffs has been announced, this doesn’t apply to automotive tariffs.
Are Prices Guaranteed to Increase?
Nothing is certain. Given the constantly shifting regulations and tariffs, it’s hard to predict what will happen. We know that Lexus is committed to shielding its customer base from the impact of tariffs as much as possible, but price changes are not out of the question. Ultimately, the decision rests with you, but if you’re intent on buying, we recommend contacting us ASAP to make an informed decision.
Buy a Luxury SUV Near Los Angeles, CA
Drivers looking for a luxury SUV near Los Angeles, CA, will find plenty of options in our showroom. Contact Keyes Lexus today to learn about our models and your financing options. For all the uncertainty, we can promise you one thing: we’ve been at our customers’ side through thick and thin, and that’s one thing that will not change.
