Right now Toyota dealers are paying 15% more. Companies have thus far mostly not passed on tariffs, hoping they will be temporary. Once they are finalized, expect them to be passed on to consumers.
Right now Toyota dealers are paying 15% more. Companies have thus far mostly not passed on tariffs, hoping they will be temporary. Once they are finalized, expect them to be passed on to consumers.
Haven't new car prices increased substantially since the tariff decrees started being tossed around?
Not as of June. www.cnn.com/2025/06/16/b...
I guess 2.5% isn't a large increase Raises the question, are dealers hurting or are the manufacturers hurting more?
I suspect what's mainly happening is they cutting back on finance incentives and ordering more expensive vehicles. Perhaps also negotiating harder on price.
Now that auto loan interest is deductible, I'm sure the sales people will push that line to get people buying at higher rates.