Used vehicle prices set to rise as tariffs kick in
- Used vehicle prices rose in April 2025 in the US as dealers paid 3.3% more than in March amid strong sales and tight inventories.
- This price increase followed President Trump’s tariff announcement in early April, which triggered a rush of buyers reducing used cars available for sale.
- The price growth in April continued a trend since June 2024, with wholesale prices up 6.2% from their low and strong demand driven by fewer lease and rental fleet returns.
- Luxury and SUV wholesale prices rose by 5.9% and 5.5% respectively year-over-year in April, while compact cars declined by 1.5%, with typical wholesale price increases around 0.3%.
- These price gains suggest used vehicle costs could continue rising, as wholesale increases usually appear in consumer prices within four to six weeks.
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Carvana CEO Believes Tariffs Could 'Benefit' Used Cars As It Achieves Long-Term Profitability Goal Years Ahead Of Schedule - Carvana (NYSE:CVNA), SPDR S&P 500 (ARCA:SPY)
Used car retailer Carvana Co. (NYSE:CVNA) reported better-than-expected first quarter results, and the company’s CEO hinted that tariffs could be beneficial for used cars going ahead. What Happened: Carvana achieved its long-term profitability goal years ahead of schedule as the company reported an 11.5% adjusted EBITDA margin during the first quarter, hitting a target projected in 2018 for a much later stage. Company CEO Ernie Garcia highlighte…
·New York, United States
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Used vehicle prices set to rise as tariffs kick in
Tariffs are also increasing new vehicle prices.
·United States
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Total News Sources13
Leaning Left1Leaning Right2Center6Last UpdatedBias Distribution67% Center
Bias Distribution
- 67% of the sources are Center
67% Center
11%
C 67%
R 22%
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