New-car prices could jump by up to 8% as tariffs hit
Used-vehicle retail sales forecast revised up
Auto tariff-related price increases are expected to hit dealer inventory this summer after OEMs delayed the hikes to drive sales. Prices are expected to rise between 4% and 8% through October, about six months after tariffs went into effect, Jonathan Smoke, chief economist at Cox Auto, said on the company’s July 8 Manheim Used Vehicle […]
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