Car dealers turn over their inventory every two months on average, Fiorani said, so “by early summer, we’ll have fresh vehicles that are likely to be influenced by the tariffs” on local car lots. But dealers could raise prices sooner, knowing that customers who come in post-tariffs are likely willing to pay a premium, Fiorani added.

CBS News Miami's Nikiya Carrero spoke with a prominent local dealer about how the auto industry will be impacted by the president's latest tariffs.

Key Takeaways Auto sales surged 11.2% in March to a seasonally adjusted annual rate of 17.8 million.The jump likely represented buyers rushing to purchase vehicles before President Donald Trump's 25% tariff on imported cars goes into effect.