Looming car tariffs have some Americans rushing to dealerships to avoid sticker shock

The car business will definitely hurt if the tariffs go in place. If (Trump) sticks to his guns, yeah, new cars could go up as much as 25%. Used cars will go up 10% at minimum,

Schoepp said

We have seen this movie before. During COVID, supply became constrained, costs skyrocketed. While the increase in prices this time may be for completely different reasons, it still stands to reason that the market will not bear another significant increase,

Erin Keating, executive analyst at Cox, said Friday in a note

There are people wanting to ensure the prices quoted on inbound cars won’t change,

he explained

A $12,500 price increase on the vehicle we chose would effectively remove it from consideration, pushing us to make a purchase decision with less financial runway than we had hoped,

he said in an email to CNN

Rand PauluS senator

International trade since [the second world war] has made us phenomenally rich,

Paul said on The Cats Roundtable on New York’s WABC 770 AM

I hope they raise their prices, because if they do, people are gonna buy American-made cars,

Trump said