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.
President Donald Trump upended the U.S. car business by imposing “draconian” 25% tariffs on all cars imported to America and up to 25% tariffs on key auto parts.New-car prices are going up, profit margins are coming down,
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Americans love used cars, and may be about to love them even more. It is hard to pin down how much President Trump’s 25% tariff on automotive imports will push up prices of new models, because of unknowns regarding implementation,
While it is too early to say that Teslas are flooding the used car market, there are signs that a growing number of owners may be pulling the plug in Chicago and across the U.S.
Used car prices tend to increase alongside new car prices, Musson said. Experts also encourage consumers to make mechanical repairs to their cars before the tariffs take effect, too, since tariffs will likely raise the price of auto parts.
Amazon looks to expand into used vehicles following successful voyages into the new car sales market. Online shopping for cars isn't a new concept, especially in a post-COVID worl
President Donald Trump said he expects consumers to migrate to US-made cars if automakers raise prices in response to the 25% tariffs on all imported vehicles and parts that he has vowed to impose.