Tariff impact on auto prices: Here's what to know

Breakdown

• Auto tariffs have led to a slight increase in transaction prices, now averaging $48,841. 2s
• Brands like Land Rover have passed on tariff costs to customers, while others, such as Cadillac, introduced higher-priced EVs. 36s
• Some brands, including Jeep, Tesla, Acura, and Chrysler, have seen transaction prices drop due to competition and internal issues. 1m 18s
• Despite tariffs, average prices have not reached record highs, as many automakers are absorbing costs to stay competitive. 2m 31s
• Automakers' profit margins are impacted as they avoid large price hikes to match competitors. 3m 33s