Spokane car dealership says prices will rise as Trump's auto tariffs take hold
- Trump's tariffs of 25% on imported vehicles took effect recently, impacting the automotive industry.
- The tariffs led to industry responses, including expected price increases for both new and used vehicles.
- Cox Automotive anticipates wholesale used car prices will increase, while other carmakers adjust operations.
- Experts estimate tariffs could increase imported vehicle costs by $6,000; Jonathan Smoke said demand limits appreciation.
- Carmakers are adopting strategies like pausing shipments and offering discounts to address consumer concerns.
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Tariff worry boosts Spokane-area car sales: 'Buyers want to get ahead'
March is generally a good time for those who sell new and used cars. But the chaos swirling around the potential economic impact of President Donald Trump's wave of new tariffs made this past March particularly good.
·Spokane, United States
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Total News Sources22
Leaning Left4Leaning Right0Center8Last UpdatedBias Distribution67% Center
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- 67% of the sources are Center
67% Center
L 33%
C 67%
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