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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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Spectrum Local NewsSpectrum Local News
+3 Reposted by 3 other sources
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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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Bias Distribution

  • 67% of the sources are Center
67% Center
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Spectrum News broke the news in United States on Wednesday, May 7, 2025.
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