New car prices could increase $4,000 or more, according to one estimate. And used cars could also rise in price. “It’s a crazy situation for consumers,” an expert said.

The car and truck market is about to get worse, and not just because of tariffs. New car sales bottomed out in 2022, the peak year of COVID-19 era shortages that hobbled assembly lines. Now, that slow year for new cars is coming back to haunt used car shoppers.

What nobody seems to have told him is that in order for the buying companies in the US to keep up their agreements, prices on the US side of the border need to be increased to cover the extra costs, meaning that the tariffs are, in effect, being paid by the customer.

To watch Sholto Gilbertson working a crowd is to see a man seducing the world’s wealthiest car collectors so completely that they will gladly raise a finger to bid another $50,000, or $100,000, to win whatever gilded machine he’s offering on the auction block.

The US is signaling a major shift in trade policy that could send shockwaves through the global car industry :automobile::collision: Commerce Secretary Howard Lutnick hinted that if tariffs on foreign cars are imposed,

These popular car and truck models are in danger of getting a lot more expensive if Trump's tariffs actually happen.