Automotive and Transportation
Source : (remove) : Bloomberg L.P.
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Automotive and Transportation
Source : (remove) : Bloomberg L.P.
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Time Is Running Out to Get a Tariff-Free Car. Just Ask This Porsche Buyer


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Published in Automotive and Transportation on by   Print publication without navigation

The springtime car-buying surge to get ahead of President Donald Trump's auto tariffs is rapidly depleting the supply of duty-free vehicles, setting up a summertime slump for the industry and a severe case of sticker shock for shoppers.

The article from Bloomberg, published on May 5, 2025, discusses the impact of potential tariffs proposed by former President Donald Trump on the automotive industry, particularly affecting car buyers. Trump's proposed tariffs on imported vehicles, which could reach up to 100%, are intended to boost domestic production but would significantly increase the cost of foreign cars, making affordable deals harder to find. The article suggests that car buyers should consider purchasing vehicles before the tariffs are implemented, as prices are expected to rise sharply. It also notes that the used car market might see increased demand and prices due to the higher costs of new cars. The piece advises consumers to act quickly if they are in the market for a new or used vehicle to avoid the impending price hikes.

Read the Full Bloomberg L.P. Article at:
[ https://www.bloomberg.com/news/articles/2025-05-05/when-should-you-buy-a-car-trump-tariffs-to-make-cheap-deals-hard-to-find ]