One of the ongoing concerns regarding the Trump administration’s import tariffs has been the likelihood of increasing car prices. While prices haven’t skyrocketed yet, Cox Automotive and Kelley Blue Book have data showing that’s changing. Not only that, but the number of vehicles in inventory is diminishing. With fewer cars to pick from, dealers may start raising prices, and new inventory will likely be more expensive due to tariffs. Either way, the new car market is getting pricier, and unless things change, it could get worse.
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