New import tariffs could drive up car prices, making used vehicles more valuable
With a new 25% tariff on imported vehicles and key auto parts set to take effect April 2 under an executive order from former President Donald Trump, Nyghtstorm is concerned that buying or even repairing a car could become much more expensive.
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2 Reasons Used Car Prices Will Remain High in 2025Prices for near-new used cars are on the rise -- and likely won't come down anytime soon. According to a recent Edmunds ...
"The prices in the wholesale market have skyrocketed already and it's going to get worse," one car seller tells the BBC.
Keep in mind that electric vehicles need maintenance, too: By 100,000 miles ... As with any used car, you should take a high-mileage car to a mechanic you trust and have worked with before.
The average price for new vehicles is more than $10,000 higher than before the pandemic, according to Kelley Blue Book.
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Why There Is No Relief Ahead for High Used-Car PricesUsed-vehicle shoppers are finding stubbornly high prices at the dealership lot—if they can find a car at all. Used-car and truck prices rose 2.2% from December to January, while new-car ...
But in recent days Trump has pushed his team to be more aggressive, people familiar with the conversations said, encouraging ...
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