Hyundai Motor Co.’s top executive expects car prices to remain relatively steady over the coming months despite added costs from the escalating global trade war, as automakers try to maintain stability and keep customers coming to dealer lots.

“I don’t expect to see a huge increase overnight,” Chief Executive Officer José Muñoz said Tuesday in an interview at Bloomberg’s New York office. “The market will decide.”

The comments offered a counter to the widespread concern among car buyers and industry observers about a possible surge in auto prices later this year from US President Donald Trump’s tariffs.

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