US EditionCar prices will go up. Taking the train or a bus looks like a bargain
- President Donald Trump's auto tariffs are expected to raise car prices by $2,500 to $20,000 for some models, with an overall average increase of 13.5% according to the Anderson Economic Group.
- Transportation costs account for 15% of average consumer spending, ranking as the second largest expense after housing, according to the Bureau of Transportation Statistics.
- Higher car prices may push low-income households to consider public transit, as many Americans face rising auto loan delinquencies, which have reached a 30-year high, according to Fitch Ratings.
- Transit advocates state that investments in public transit are necessary to provide viable alternatives to driving, with public transit potentially saving individuals more than $13,000 annually compared to driving in 2023.
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Used car prices climb for the first time in over a year, iSeeCars report
Used car prices rose in March for the first time in nearly a year and a half, according to a new report from iSeeCars, signaling a potential shift in the market ahead of newly implemented tariffs that may further drive up both new and used vehicle costs. Average prices for 1- to 5-year-old used vehicles increased 1% year-over-year, or $317, in March 2025—the first annual gain since October 2022. The data, compiled before U.S. auto tariffs took e…
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Leaning Left2Leaning Right1Center2Last UpdatedBias Distribution40% Left, 40% Center
Bias Distribution
- 40% of the sources lean Left, 40% of the sources are Center
40% Center
L 40%
C 40%
R 20%
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