U.S. vehicle prices are projected to rise sharply in 2025 as Trump’s 25% auto tariffs take effect, according to CNBC. Cox Automotive estimates cost hikes of $6,000 for imported vehicles and over $3,000 for U.S.-assembled cars due to parts tariffs. Wholesale used car prices are expected to rise by almost 3% by year-end, up from a prior estimate of nearly 1% Cox’s Jonathan Smoke expects declining sales, price volatility, and model eliminations as the industry adjusts.
