Car tariff announcement could 'trigger price reductions' - Liverpool Echo

The 10 best used cars for less than $20,000 right now, according to Consumer Reports

Car prices are soaring — meaning many Americans simply can’t afford to buy a vehicle new. And with tariffs in the mix, prices might soon get even higher.Read more...

Car tariff announcement could 'trigger price reductions' - Liverpool Echo

The recent negotiations have been welcomed by UK car manufacturers

U.S. car prices, consumer demand surge in April after tariffs hit

U.S. new-vehicle prices surged in April, data released on Monday showed, a sign that the effects of President Donald Trump's auto-tariff measures are rippling through the car market.

US car prices higher in April after tariffs hit

By Kalea Hall

Car manufacturers are concerned that President Trump’s tariffs on imported cars and car parts will soon increase their costs and start eating profits. But at least one business in the automotive industry believes that tariffs could give him an elevator. That company is Carvana, an online used car retailer who has gained fame for storing vehicles in distinctive “vending machine” towers. Trump tariffs, which include 25 percent taxes on vehicles ma…

New and used car prices soar as tariffs on imported vehicles take effect

April saw a sharp increase in new vehicle prices in the US because of the tariffs on imported cars previously imposed by the Trump administration. The average price for new vehicles, including discounts and promotions, rose by about 2.5% compared to March. That’s more than double the average cost increase in the previous two months, when it was about 1.1%. The last time such a strong jump was recorded was in April 2020, when pandemic shutdowns d…