U.S. Car Inventory Drops as Buyers Rush to Avoid Tariffs ๐
U.S. auto dealers face shrinking inventories as buyers rush to purchase vehicles before Trump's proposed 25% tariff on imports, potentially driving prices up. Stay ahead of the market trend!
Benzinga
940 views โข Apr 16, 2025
About this video
U.S. auto dealers are reporting sharp drops in new and used vehicle supplies, according to CNBC. Consumers are rushing to buy ahead of potential price hikes from President Donald Trumpโs new 25% tariffs on imported vehicles. New car inventory fell from a nearly 90-day supply in early March to 70 days, and used car supply dropping to 39 days, according to Cox Automotive. "Daysโ supply" means how long dealers can keep selling cars at the current pace before they run out, assuming no new stock arrives. Higher-than-expected auto sales are helping the industry, but analysts worry they could stall once tariff-free inventory runs out.
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Views
940
Duration
0:41
Published
Apr 16, 2025
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