Hyundai freezes US car prices until June

GlobalData

Mon, Apr 7, 2025, 2:02 AM 2 min read

Hyundai Motor Company announced it has nary plans to rise its conveyance prices successful the US successful the abbreviated term, aft the Donald Trump-led US authorities followed done connected its threats to present a broad 25% import tariff connected each vehicles imported into the country.

Hyundai Motor America past week launched a lawsuit assurance (CA) programme successful effect to “dynamic marketplace conditions and the imaginable interaction of tariffs connected the automotive industry,” with the purpose of strengthening its “long-standing committedness to supporting American consumers and safeguarding affordability.”

The institution confirmed that arsenic portion of the CA programme, customers who acquisition oregon lease immoderate caller Hyundai conveyance successful the US earlier 2^nd June 2025 “will spot nary summation successful the manufacturer’s suggested retail terms (MSRP).”

José Muñoz, president and CEO, Hyundai Motor Company, said successful a statement: “At Hyundai, we person a agelong past of providing worth and doing what’s close for our customers and communities. We cognize consumers are uncertain astir the imaginable for rising prices and we privation to supply them with immoderate stableness successful the coming months. Our MSRP committedness is conscionable 1 portion of our multifaceted effort to supply large vehicles to American consumers, portion besides supporting hundreds of thousands of jobs and investing billions of dollars successful the astir important marketplace for our company.”

Hyundai Motor Group (HMG), which includes some Hyundai and Kia, precocious completed operation of a 3rd conveyance assembly works successful the US, the Metaplant America installation successful the authorities of Georgia, with an yearly accumulation capableness of 300,000 vehicles per year. This volition summation Hyundai and Kia’s combined yearly accumulation capableness successful the state to 1 cardinal units erstwhile it becomes afloat operational.

HMG sold astir 1.7 cardinal vehicles successful the US successful 2024, meaning that it inactive relies heavy connected exporting vehicles to the US from accumulation facilities successful South Korea and Mexico. From South Korea, the radical exported a full of 1,145,000 vehicles past year, worthy astir US$38bn.

Last period HMG announced it plans to put US$21bn successful the US betwixt 2025 to 2025, to grow accumulation capableness further, make aboriginal technologies and amended vigor infrastructure. The Metaplant volition beryllium expanded to 500,000 units/year successful this period.

"Hyundai freezes US car prices until June" was primitively created and published by Just Auto, a GlobalData owned brand.