Reported about 3 hours ago
Automakers have managed to keep car prices stable despite the financial burden of U.S. tariffs, absorbing billions in costs since their implementation. Currently, the average price of new vehicles has only seen a slight increase, but with tariffs likely to persist, pressures to raise prices are mounting. Analysts expect gradual price hikes later this year as companies navigate the fine line between maintaining competitive pricing and protecting their profit margins, all while considering consumer tolerance for higher costs following a surge in vehicle prices during the pandemic.
Source: YAHOO