Ford hiking prices on 3 vehicle models as auto industry tariffs hit home

Ford Motor on Wednesday said it is raising prices on three models produced in Mexico, pointing to higher U.S. tariffs on imported vehicles as one reason for the adjustment. 

The vehicles subject to the price increases of up to $2,000 per model include the Maverick, Bronco Sport and Mach-E, Ford said in a statement to CBS News. 

The price hikes apply only to imported vehicles that were built after May 2. Those models are expected to arrive dealership lots in late June. Ford noted that cars that have already been shipped and that are currently on dealer lots are not subject to the price hikes.