03-14-25

How Will Trump’s Tariffs Affect Used Car Prices? [2025]

Big changes are coming to the auto industry. With former President Donald Trump’s 2025 plan to impose a 25% tariff on imported vehicles and parts from Canada and Mexico, car buyers and sellers alike are bracing for an industry shake-up. These tariffs could mean higher production costs for automakers, supply chain disruptions, and, ultimately, a ripple effect on used car prices.
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