Tariffs Create Cloud of Uncertainty Over Spring Car Buying Season
While car prices across most sectors are stabilizing, tariffs could cause significant price increases for brands like Ford, Toyota, and Chrysler with models imported directly from Canada and Mexico With question marks remaining around the government’s EV tax credit, hybrid demand is picking up, with inventory down 10% year-over-year
Chicago, IL – Tuesday, February 11, 2025 – While car prices overall are leveling off, the prospect of tariffs – now set to go into effect on March 1 for imports from Canada and Mexico – has muddied the forecast for the upcoming spring car buying season.