How Trump’s Auto Tariffs Could Skyrocket Car Prices by Summer:
Why Buying Used European Vehicles Now is a Smart Move
At AutoHUB Europe, we understand that purchasing a vehicle is one of the most significant financial decisions you can make. With the potential for auto tariffs to drive up prices, now is the time to act. Here’s what you need to know about the current situation and why buying a used European vehicle through AutoHUB Europe could save you thousands.
The Trump Auto Tariffs: What You Need to Know
President Trump recently delayed auto tariffs on imports from Canada and Mexico for one month, but the possibility of a 25% levy remains. If enacted, these tariffs could significantly increase the cost of vehicles, as automakers pass on higher production costs to consumers. According to the Anderson Economic Group (AEG), a Michigan-based economic consultancy, car prices could rise by $2,000 to $12,200 for some models.
Patrick Anderson, CEO of AEG, emphasizes that these cost increases will inevitably impact consumers: "These are cost increases that cannot be hidden from the consumer. Substantial portions, or perhaps all of it, will be passed along to consumers, or manufacturers will stop producing them."
While the timing of these tariffs remains uncertain, industry experts like David Whiston, an equity strategist at Morningstar, warn that the uncertainty alone could disrupt the market. If tariffs are implemented, price hikes could begin as early as summer 2025.
How Auto Tariffs Could Impact New and Used Car Prices
Automakers are expected to spread the added costs across their entire vehicle lineup, even for U.S.-assembled cars. Tyson Jominy, Vice President of Analytics at J.D. Power, explains: "If the tariffs are here, and permanent, by the time we get to summer we'd expect to see higher prices everywhere. Every automaker, regardless of where they final assemble, is likely to be affected if these parts tariffs go into effect."
This means that even vehicles not directly subject to tariffs could see moderate price increases. Additionally, as new car prices rise, demand for used vehicles is likely to surge, driving up prices in the used car market as well.
Why Buying a Used European Vehicle Now is a Smart Move
With the potential for significant price increases on the horizon, purchasing a used European vehicle now could save you thousands.
Avoid Tariff-Driven Price Hikes: By purchasing before tariffs take effect, you can lock in current prices and avoid potential increases.
High-Quality European Vehicles: European cars are renowned for their engineering, performance, and luxury. Buying used allows you to own a premium vehicle at a fraction of the cost.
Strong Resale Value: European vehicles often retain their value better than other brands, making them a smart long-term investment.
Robert Handfield, Professor of Supply Chain Management at North Carolina State University, advises: "I think it's a good idea to buy now. You'd be able to get in under the wire and save around $4,000 for a regular sedan or up to $10,000 to $12,000 for a truck, which are significant savings."
How AutoHUB Europe Can Help
At AutoHUB Europe, we specialize in sourcing and importing high-quality used European vehicles. As a trusted European vehicle broker, we handle every detail—from finding the perfect car to navigating the import process—ensuring a seamless experience for our clients.
Here’s why you should choose AutoHUB Europe:
Expertise: We have extensive knowledge of the European automotive market and can help you find the best deals.
Transparency: No hidden fees or surprises—just clear, upfront pricing.
Personalized Service: We work closely with you to understand your needs and preferences, ensuring you drive away in your dream car.
Act Now Before Prices Rise
The uncertainty surrounding auto tariffs makes it essential to act quickly. By purchasing a used European vehicle now, you can avoid potential price increases and secure a premium car at today’s prices.
Don’t wait until it’s too late!
Contact AutoHUB Europe today to start your journey toward owning a high-quality used European vehicle. Let us help you navigate the market and save thousands before tariffs take effect.
Visit our website at AutoHUBEU.com, send us an email to info@authubeu.com or call us at 877.665.8412 to discuss.
Sources
CBS MoneyWatch: "Tariffs are likely to push auto prices higher. Should you buy a new car now?" by Megan Cerullo
J.D. Power Insights
Morningstar Equity Analysis
Robert Handfield, North Carolina State University Supply Chain Management