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Potential impact on new & used car prices

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Experts suggest the cost of those tariffs will be passed on to consumers in the grocery checkout lane.
From CBS News
Trump is expected to roll out some tariffs he claims will free the United States from its reliance on foreign goods.
From Yahoo
Ontario Premier Doug Ford discusses Canada’s plan to retaliate to the new U.S. tariffs and warns Americans will be hurt by President Trump’s actions.
From NBC News

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As Trump tariffs loom, here's a price tracker for cars, groceries and more supplies
CBS News is tracking the rising cost of products most impacted by tariffs imposed​ and soon-to-be-imposed by President Trump, from grocery items to cars and trucks.
Trump's auto tariffs: potential impact on new & used car prices
"On Wednesday, it will be Liberation Day in America as President Trump has so proudly dubbed it," White House Press Secretary Karoline Leavitt said. The President says tariffs will improve the U.S. economy and create more American jobs by reducing how much our country relies on foreign goods.
Buckle up: See how much new car prices could spike after Trump auto tariffs
Prices for new cars could increase by thousands of dollars after President Donald Trump’s new auto tariffs take effect, experts said.
Auto tariffs to start; could impact local dealerships
President Donald Trump is calling Wednesday Liberation Day. Trump is expected to roll out some tariffs he claims will free the United States from its reliance on foreign goods. This includes goods on foreign vehicles,
Cheap Stuff Is a Huge Part of the American Dream
"Access to cheap goods is not the essence of the American dream," said Treasury Secretary Scott Bessent in a speech to the Economic Club of New York last month. The administration keeps hitting the same notes: Prices will go up,
Bloomberg Daybreak: Trump’s Reciprocal Tariffs
President Trump says he plans to start his reciprocal tariff push with all countries. Trump's tariffs are set to be unveiled on April 2 and will aim to rebalance global trade and boost US manufacturing.
‘I call it termination day’: Ontario premier warns about implications of Trump’s tariff announcement
President Donald Trump promised a new slate of tariffs will go into effect on April 2. Ontario Premier Doug Ford discusses Canada’s plan to retaliate to the new U.S. tariffs and warns Americans will be hurt by President Trump’s actions.
Markets mixed as investors brace for Trump tariffs
Shares in the US have bounced back, despite tariff fears hitting stocks in Asia and Europe after US President Donald Trump suggested that he was planning import taxes that could hit "all countries". Trump's comments came as he prepares to unveil a massive slate of import taxes on Wednesday,
New Jersey car dealership seeing "tariff panic"
President Trump's first round of auto tariffs start Wednesday, which means a 25% tax on car imports. That will likely lead to higher prices for customers. CBS News New York's Nick Caloway visited a New Jersey car dealership,
Wall Street increases range of estimated new car price hike due to tariffs
Ferrari manufactures all its cars at its Maranello facility, in northern Italy. But it's not just the imported super luxury carmakers that will be forced to boost prices, experts said.Start the day smarter.
Should you buy a new car before auto tariffs take effect on April 3?
The 25% auto tariffs, set to take effect on April 3, will apply to imported passenger vehicles, including cars, SUVs, minivans, cargo vans and light trucks, according to a White House statement released after Trump's Oval Office remarks on Wednesday.
Auto tariffs have customers rushing to New Jersey car dealership with costs expected to spike
President Trump's first round of auto tariffs start Wednesday, and a New Jersey car dealership says people are rushing to buy now before prices rise.
Americans Are Paying More Than Ever for Cars And There’s Really No End in Sight
Back in the pandemic's early days, when car dealerships started looking more like vacant lots, paying over MSRP was more common than ever. In fact, it wasn't unusual to buy a car and then, several months later,
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2025 Cars.com Affordability Report: Best Value New Cars
We’ve compared hundreds of models and thousands of configurations to find the cars that give you the most bang for the buck in popular vehicle classes including SUVs, pickup trucks, EVs, and sedans and hatchbacks.
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BBQ grills, new cars, auto repair: What may soon jump in price if tariffs take effect
Potential tariffs have car dealers and hardware stores warning of price hikes in the coming weeks. What may soon cost you more.
Car tariffs are coming. For some buyers, that was a reason to act
Analysts estimate that the tariffs will significantly increase the prices of new vehicles, adding a few thousand dollars for entry-level models to $10,000 or more for high-end cars and trucks. Higher prices for new vehicles are also likely to nudge used-car prices higher.
Trump’s New Concession on Tariffs Is His Most Striking
The president said he “couldn’t care less” if automakers rose prices in response to planned tariffs, reasoning that buyers would choose U.S.-made cars over foreign brands.
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