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