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Stock impact report

As auto tariffs loom, is now the time to buy a new car? [CBS News]

TrueCar, Inc. (TRUE) 
Last truecar, inc. earnings: 2/20 04:03 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.true.com/investor-relations
Company Research Source: CBS News
As auto tariffs loom, is now the time to buy a new car? The Trump administration is considering slapping auto tariffs on imported vehicles and parts. That means consumers in the market for a new car might want to buy those wheels sooner than later, experts say. Depending on the model, prices for some popular vehicles could jump as much as $7,000 if tariffs under consideration are enacted, estimates show. Meanwhile, although it may be months before Mr. Trump decides on if, when and how to impose auto tariffs, prices are still likely to climb soon because of other factors. That's because interest rates for auto loans are rising along with broader U.S. borrowing rates, and a recent dip in sales could force automakers facing higher costs to push up list prices to preserve profit margins. In the short term, the immediate threat seems to have abated after President Trump and European Commission President Jean-Claude Juncker on Wednesday said they were working to eliminate all tariffs betwe Show less Read more
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