Trump’s Auto Tariff Shock: $10,000 Car Price Hikes Hit Overnight — Buy Now or Wait It Out?
With a new 25% import tariff on foreign-made cars now in effect, car buyers in the U.S. are facing an unexpected shock — prices are jumping by as much as $10,000 (over ₹8 lakh) overnight. Dealerships are reporting a surge in sales as people rush to buy before prices climb even higher. But many are left wondering — should you buy now, or wait it out?
Buyers Rush as Prices Climb
At Walnut Creek Toyota in California, 70 cars were sold in one weekend just before the tariff deadline on April 3. The dealership ran ads warning, “The tariff clock is ticking.”
“Every dealership in the Bay Area is seeing a rise in demand,” said Irina Ellis, the general manager, in a statement to ABC7 News.
And it’s not just about new cars.
Additional tariffs on imported auto parts are expected by May...