🔮   Are Used Car Prices Set To Soar Again?

finance

Via Real InvestmentAdvice.com, It wasn’t that long ago that used car prices were soaring as the production of new cars was crimped due to Covid-related supply line shortages. Since then, used car prices have stabilized as the supply lines have healed. However, like many goods, prices haven’t retreated to pre-pandemic levels. As we wrote in yesterday’s Commentary, the new 25% tariff on cars assembled outside the US could raise new car prices. JP Morgan thinks the impact could be 10% or more if the tariffs are fully passed on to consumers. Thus, those consumers unable or unwilling to pay a higher price may resort to purchasing a used car.

ZeroHedge Opinion     Mar 31, 2025