US EditionNew car prices expected to go up amid increased tariffs on aluminum, steel: B.C. industry group
- Several U.S. car companies increased delivery charges by $40 to $400 amid rising tariffs in early 2025.
- This change follows President Trump's 25% tariff on imported vehicles and growing concerns over supply constraints.
- Consequently, the average new car sale price jumped 2.5% in April to about $48,699, with zero-percent financing deals falling.
- Edmunds reported 44% of shoppers say tariffs influence their buying decision, with 37% buying sooner and 25% delaying purchases.
- These trends tightened the used vehicle market, with prices surpassing $30,000 in early 2025, indicating ongoing market strain.
16 Articles
16 Articles
Donald Trump’s decision to increase tariffs on steel and aluminium from 25 to 50 percent will directly impact the Mexican industry, which exports 76 percent of its finished steel production to the United States. These taxes will put at risk 3.3 million tons sent to the United States, increase productive costs and affect sectors such as construction, automotive and manufacturing. “The increase in tariffs to 50 percent directly impacts the competi…
U.S. Auto Buyers Shift Plans Ahead of Potential Price Hikes from 25% Tariff
American consumers are adjusting their car-buying timelines in response to the anticipated effects of former President Donald Trump’s proposed 25% tariff on auto imports, according to a new report from car-buying platform Edmunds. The survey, released Friday, found that 37% of new-car shoppers are accelerating their purchases to avoid expected price hikes, while 25% plan [...] The post U.S. Auto Buyers Shift Plans Ahead of Potential Price Hikes …
Edmunds data reveals tariff fears shift car buyer behavior
Tariff speculation is influencing the behavior of American car shoppers as the renewed push for tariffs under the Trump administration creates uncertainty for both shoppers and dealers. A recent survey and market data by Edmunds reveal that consumers are either accelerating or delaying their vehicle purchases even before widespread price hikes take effect. So far, the impact of tariffs hasn’t been as significant as expected. Despite concerns, th…
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