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General Motors CEO Mary Barra announces how to respond to the leadership of the Trump Administration during a large interview on new car tariffs and the company’s ‘Maria in the morning’.
Used car buyers are hit with higher prices for cars used as the car market adapts to the president Donald Trumps 25% tariffs in automatic imports.
Used car prices In April, it was higher since March, because the maneim used vehicle index rose to 208.2, and this is 2.7% higher than in March and 4.9% higher than last year. The highest reading for the index since October 2023.
“We waited to see the strong price appraisal in response to the tariffs, and this is exactly what Jeremy Robb, Director of Economic and Industrial Infigures in Cox. “Weekly trends showed higher values as we last for the month, but this was found in a row.”
“Used retail sales remain stronger than normal, so the supply of wholesale days is a little harsher.
As Trump eases automatic tariffs, Mercedes will expand in Alabama factory
Due to tariffs, the car prices used in April since 2023 were reported. (Through Jim Watson / AFP Getty Images / Getty Images)
Retail sale of vehicles used in April decreased by 1.7% since March, but was 13% higher than a year ago. In the last four weeks, Average retail price It has increased by 2% for a used vehicle, the report was found.
Sales of new vehicles were a year ago, despite the fact that the volume refuses to increase sales after concerns over the higher pricing tariffs.
Trump’s 25% Auto Import Tariffs: These are the most effective manufacturers
Tariffs are limiting the supply of new cars and increase the price of cars used by increasing the price of these vehicles. (Fox Business / Fox News)
Trump has been declared earlier this year 25% of tariffs in imported vehicles Due to the entry into force on April 2, the other 25% of the imported automatic parts were determined to enter into force on May 3.
On April 29, the president, auto tariffs changed part of the tariffs for tariffs for tariffs for auto parts of the manufacturer of the manufacturer (MSRP), which make up 3.75% of US production for the next year.
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The White House, moving, “said manufacturers, in the United States, change the tariff movements in car parts and car parts to collect their cars in the United States, thus reducing the trust of American cars and car parts.”
Fox Business’ Aislinn Murphy contributed to this report.
