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Trump’s 25% Auto Tariffs Could Raise Imported Vehicle
Published : 08-04-2025 - Duration : 00:36 - View : 57
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U.S. vehicle prices are projected to rise sharply in 2025 as Trump’s 25% auto tariffs take effect, according to CNBC. Cox Automotive estimates cost hikes of $6,000 for imported vehicles and over $3,000 for U.S.-assembled cars due to parts tariffs. Wholesale used car prices are expected to rise by almost 3% by year-end, up from a prior estimate of nearly 1% Cox’s Jonathan Smoke expects declining sales, price volatility, and model eliminations as the industry adjusts.
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