Due to rising worries about a recession and tariffs on imported vehicles, consumers are uncertain about car purchases. Despite escalating prices, experts urge buying now while ample inventory exists, as it won't last long. Beau Boeckmann from Galpin Motors highlights the unpredictable nature of tariffs affecting prices almost instantaneously. Kelley Blue Bookâs Brian Moody advises against waiting to purchase, citing depleting pre-tariff inventory and impending price hikes as reasons to act quickly. The automotive industry currently holds approximately 2.7 million cars, above the typical healthy supply level.
If you're looking for a new car, you should buy immediately while pre-tariff inventory is still available.
Worries about a possible recession and the Trump administration's tariffs on imported cars have created upheaval not only within the automotive industry, but also for consumers.
Depleting pre-tariff inventory and higher manufacturing or import costs, leading to impending price hikes, mean you shouldn't wait to buy a new car.
With the tariffs, sometimes, moment to moment, you're not sure what's going to happen, things could change while I'm talking to you.
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