Is Now the Time to Buy, Sell, or Trade in a Car?
With tariffs in place and car prices fluctuating, find out what to expect if you are in the market to buy, sell, or trade in a vehicle.
With tariffs in place and car prices fluctuating, find out what to expect if you are in the market to buy, sell, or trade in a vehicle.
Quick Facts About New Car Prices If you’re in the market for a new vehicle, don’t expect to see car…
A federal appeals court found that President Trump lacks the authority to enact some of his high-profile tariffs.
The White House now says a purported trade deal with Europe announced last month does not lower 25% car tariffs.
In July, the average buyer paid $48,841, down slightly from a revised $48,900 in June. That laves prices 1.5% higher than a year ago.
The wholesale prices dealers pay for used cars fell in July, which is often a sign that retail prices will fall soon.
Now that the White House has released trade deals with several countries, many automakers think tariffs are here to stay.
The U.S. and South Korea have agreed to a trade deal lowering tariffs on South Korean goods, including cars, to 15%.
Automakers have begun reporting financial results from the first half of the year. Several are projecting large losses, and blaming tariffs.
Dealers paid less for used cars at auction in early July — often a sign that retail prices are set to fall soon.