Experts say you could save thousands of dollars by buying a car now, versus later in 2025 if tariffs are enacted.
Buying a car can be a fraught financial decision even in the best of times. Now, car shoppers are facing the added pressure of deciphering U.S. tariff policy. On Wednesday, President Trump issued a one-month delay for U.S. automakers on tariffs placed on imports from Canada and Mexico, trading partners that provide many of the car makers' vehicle parts and components.
They'll figure out ways to spread out the costs in a way that doesn't harm profitability as much, and doesn't kill sales at the same time.' When will price hikes take effect?The car buying process is often lengthy, requiring months of research before new buyers can drive their purchase off the lot. While prices won't skyrocket overnight if tariffs go into effect, they could start to rise by summer, industry analysts say.
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