LeadStory

Scripps Local

Tariffs show modest early impact on car prices, some dealers see boost

Scripps Local · Recent
Scripps Local
Scripps Local
Recent

It’s been several months since tariffs were announced and implemented, and the auto industry is beginning to see the effects on consumers.

Breakdown
  • Tariffs have led to only modest increases in car prices so far. 34s
  • The new vehicle index dropped by 0.3% and remained flat in subsequent months. 48s
  • The average new car price in the U.S. is $48,401, with some SUVs exceeding $100,000. 58s
  • Some dealerships report increased business and higher customer traffic. 1m 16s
  • Experts predict car prices may rise 4 to 8% by year-end. 1m 33s
BusinessCars & Motoring