Tariffs could make used cars more attractive to consumers. (Credit: madscinbca/Adobe Stock)
Tariffs will raise prices on cars and parts, but those increases will vary widely.
In a recent CIECA webinar, Ryan Mandell, director of claims performance for Mitchell, said tariffs are estimated to raise new vehicle prices anywhere from $2,500 to $12,000 depending on vehicle make and model.
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Corey Dahl
Corey Dahl is assistant editor with PropertyCasualty360.com. Reach her at [email protected].
