You likely heard about the 25% auto tariffs imposed by President Donald Trump.
If you’re in the market for a new car, used car, or need to get your car repaired, perhaps you wonder, “How much more is this going to cost me?”
Well, one industry analyst put it this way, “It’s gonna hit like a hurricane head wind.”
You have to consider the 25% tariff on autos as well as the aluminum and steel tariffs.
Analysts say new and used car prices, insurance rates, and the price to fix your car will increase.
Erin Keating, an industry analyst with Cox Automotive, joined us on The Morning Show and said sticker shock will settle in on sky high auto prices.