Industry experts share how tariffs could trickle down to impact the used car market
- In 2025, new tariffs imposed by President Trump disrupted the U.S. Auto industry, impacting nearly every model sold.
- The tariffs stemmed from protectionist policies and updated federal documents, revealing non-U.S. Content was more embedded than initially expected.
- Automakers are making tactical adjustments, including reallocating production and avoiding large capital expenditures in the short term.
- Deutsche Bank stated, "The burden of tariffs will be shared," and analysts warned of a potential 15%-20% demand destruction; Cox Automotive estimated increases of $300 to $6,000 per vehicle.
- Deutsche Bank lowered its 2025 U.S. Auto sales forecast to 15.4 million units, suggesting that the tariff execution may backfire and hit consumers.
17 Articles
17 Articles
Industry experts share how tariffs could trickle down to impact the used car market
With the talk of tariffs, people in the market for a new set of wheels may be turning to used cars, but experts shared the potential trickle-down of how tariffs could impact the used car market.Picking out the perfect car isn't easy, but Kirt Thomason is always there to help."Most folks think that going out and buying a car that it's so terrible and it's so hard to do, and so we like to make it fun, said Thomason, the owner of South Tampa Auto B…
Used Car Prices Are Climbing—Will Auto Tariffs Push Them Higher?
See this visualization first on the Voronoi app. Use This Visualization Used Car Prices Are Climbing—Will Tariffs Push Them Higher? This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources. The long build up to auto tariffs has ended with 25% additional fees on imported cars that don’t comply with USMCA trade rules going into effect on …
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