President Donald Trump’s 25% tariffs on imported cars and car parts will cause “pure chaos” in the auto industry and hike car prices by up to $10,000 or $15,000, wrote analysts at Wedbush Securities.

President Donald Trump followed through with plans to slap the auto industry with a hefty 25% tariff this week. Automakers are going to be impacted disproportionality.

Auto tariffs announced by President Donald Trump will likely raise car prices by thousands of dollars, while hiking costs for repairs and insurance, some experts told ABC News. Within hours of the policy rollout, Ferrari said it will raise prices by as much as 10% for some models to compensate for the tariffs.

Shawn Fain, president of the United Auto Workers union, praised President Trump's move to impose tariffs on vehicles, while noting that "tariffs aren't the total solution."

Even if you’re not in the market for a new car, U.S. President Donald Trump’s 25% tariffs on auto imports could make owning one more expensive.

There are still a lot of unknowns, but if this remains in place, there will clearly be some pain for the companies to digest.”

A 25% tariff on all vehicles imported into the U.S. won't just cause new car prices to rise. Used car prices will also likely increase, analysts say.

FOX Business correspondent Madison Alworth reported that President Donald Trump’s recently announced auto tariffs could be a boon to rental car companies.

Paslin supplies assembly lines but because of tariffs, automakers have put vehicle projects on pause. How Paslin is staying afloat amid lost work.