Forget tariffs; used car buyers have another reason to worry about prices

Used car buyers are in for a disappointing surprise.

Apr 10, 2025 - 23:14
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Forget tariffs; used car buyers have another reason to worry about prices

Believe it or not, tariffs aren't bad for every industry.

Sure, the auto industry will feel the effects of the 25% tariffs the U.S. has placed on most imports. However, this action is also likely to increase the prices of new cars in the U.S significantly. That could easily be a blow to U.S. automakers, as consumers tend to shy away from large-scale purchases in lean economic times.