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Dollar weakness lifts prices on imported cars and goods
The weak dollar raises costs for imports such as Porsche, Datsun, VW, German Swiss wines and more. Economists warn price increases will spread to U.S. goods, with autos from BMW to Toyota rising 4 to 9 percent since late 2023. Industry officials and dealers report ongoing price hikes and expectations of further increases, potentially slowing foreign car sales in America.
MENTIONED IN THIS ARTICLE
Youssef M. Ibrahim
New York Times
New York
Ces
Volkswagen
United States
S Ortner
Bank of New York
Washington
Ortner
Manhattan
Eign
Toyota Motor Co
Japan
Nissan Motor Co