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Home Business

Specter of Auto Tariffs Spurs Some Car Buyers to Rush Purchases

29 March 2025
in Business
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Specter of Auto Tariffs Spurs Some Car Buyers to Rush Purchases
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Ziggy Duchnowski went car shopping in Queens to find a new small car for his wife and avoid the impact of President Trump’s new tariffs on imported vehicles. The 25 percent tariffs on vehicles and parts produced outside the U.S. are set to raise prices, prompting some consumers to buy before the increase. Dealerships are seeing increased sales, with some customers rushing to purchase cars before the tariffs take effect, while protests against Tesla and concerns about rising prices loom over the auto industry.

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Tags: AutobuyerscarpurchasesRushspecterSpursTariffs
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