4 Ways Trump’s Tariffs Will Impact Consumers Shopping for Cars This Spring

Though President Donald Trump has paused several mass tariffs, the 25% tariff on auto imports remains in place. Everyday car shoppers, especially those interested in buy new cars this spring or summer, might need to adjust their budgets more than they realize due to tariff policies.

Tell Us What You Think: Are Tariffs Good or Bad for Americans?

GOBankingRates spoke to Kevin Roberts, director of economic and market intelligence at CarGurus, to learn more about the ways tariffs will impact consumers — and what Americans need to do next if they plan on buying cars this year.

Even though the spring and summer months are typically rife with deals from dealerships, these are likely to be in short supply in the second quarter. USA Today reports that to financially withstand import tariffs, car dealers will have to increase prices on new cars and pass the costs on to consumers.

Just how much more expensive could a new car be? According to Roberts, the average list price for a new vehicle is estimated to increase from $49,500 to $53,000.

When a new car is out of your budget, the next move is to buy a less expensive used car. But this approach may not last for long. 

Roberts said it’s possible that used car prices will increase out of demand for more affordable vehicles, especially low-mileage models.

“With non-U.S. vehicles facing increased tariffs, their availability in the market is expected to fluctuate,” said Roberts. 

According to data provided by Roberts, the top three non-U.S.-built models with the lowest market day supply (or the estimated number of days it would take for the car to sell out) are the Toyota RAV4 Hybrid, Toyota RAV4 and Subaru Forester.

By comparison, car models with the highest supply are the RAM ProMaster, Mercedes-Benz Sprinter and Dodge Charger.

According to USA Today, an impending announcement of tariffs on auto parts will be made on May 3.

“Consumers can expect higher repair bills, more expensive parts and pricier rideshare, rental and delivery services as businesses adjust to increased costs,” Roberts said.

Rather than wait it out in the hopes that auto tariffs receive a similar pause, Roberts encourages those in position to buy cars, whether new or used, to act sooner rather than later to avoid rising prices.

“Be flexible on trims and features to find better deals,” he said. “If you’re leasing, considering a buyout or extension could be a smart move, as replacing your vehicle will likely cost more.”