“Money may not buy happiness, but I’d rather cry in a Jaguar than on a bus.”
~ Francoise Sagan
Written by Bryan Lutz, Editor at Dollarcollapse.com:
In the prosperous, abundant Western world, buying a brand new car is normal for many.
But, a lot of Americans depend on the used car lot.
Auto tariff to cost US consumers more than $30 billion in first year, report shows“U.S. President Donald Trump’s 25% tariff on auto imports may cost American consumers more than $30 billion in higher vehicle prices and reduced car sales in the first full year, consultancy firm Anderson Economic Group said in a report on Thursday……Trump unveiled a 25% tariff on imported cars and light trucks last month.The tariff covers more than $460 billion worth of imports of vehicles and auto parts imports annually, according to a Reuters analysis.”
The best deals will be found at dealerships.
Probably not used car lots, but dealerships.
That’s because people trade-in, or they want to upgrade to EVs…
Or they’ve bought a new car in an inflationary environment where everything is getting so much more expensive so much quicker.
Even the upper-middle-class will want to downgrade their cars.
So the best deals to be had are there.
If you’re in the market, the best way to get ahead of others on these deals is to call your dealer, tell them what you are looking for, and let them do the work for you.
Used vehicle inventories are already low. So take advantage of the new used vehicles inventories as they hit the lot.
That’s where you’ll have the easiest time avoiding higher tariff prices, and where you’ll save money in the end.
Especially on those gas engines.