Your Money Minute

New Car Deals Are Long Gone 6/6/25

Jun 6, 2025
New car pricing is evolving, with costs on the rise and incentives disappearing. Data from J.D. Power reveals how tariffs are affecting prices, warning potential buyers to stay alert. Expect even higher prices in the future, making informed choices more crucial than ever.
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INSIGHT

Tariff Impact on New Car Prices

  • Tariff pricing has increased new car prices and reduced incentives and discounts significantly.
  • Automakers expect prices to rise another 5% by the fourth quarter as pre-tariff inventory burns off.
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