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Even drivers who aren’t buying cars will pay for tariffs soon
Consumers have been racing to snatch up cars in recent weeks before President Donald Trump’s auto tariffs trigger widely expected price hikes. But even drivers who aren’t buying vehicles can expect to pay more for repairs and insurance.
Tariffs may drive up car prices. Here's what you need to know.
Since tariffs were announced, car shoppers have been buying. The average new car price has already been rising for years. The price trend up to this point has been clear, but looking out the windshield to what's ahead is tricky right now. Kelly Blue Book says tariffs could push the price up $6,000 per car.
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