The major players in the luxury car industry suffered a significant fall in share value at the close of trading on Thursday after the US government announced the introduction of 25% tariffs on all imported cars. The measure, which had long been anticipated, was made official by President Donald Trump on Wednesday evening, triggering an immediate negative reaction on the world’s financial markets.
In Frankfurt, shares in Porsche and Mercedes-Benz plummeted by 2.7%, while BMW fell by 2.8%. The Volkswagen AG group, parent company of Audi and Lamborghini, was not spared and saw its share price fall by 4.3%. In London, Aston Martin also recorded a fall of more than 6%, reflecting a climate of volatility on the stock markets.
Some brands more vulnerable than others
In New York, Ferrari saw a rebound in its share price (+1.82%) following the announcement of the tariffs, but the company still saw a decline of 5% over the last five days. It is important to note that this fall in shares comes on the back of exceptional financial results for Ferrari in 2024. The luxury carmaker announced a net profit of $1.58 billion, up 21% on 2023, reinforcing its financial strength.
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Read also > Donald Trump announces an additional 25% tax on imported vehicles
Featured photo : © Aston Martin
