Study: Tariffs on New Cars Could Push Consumers to Buy Used
Additional tariffs on new vehicles, if implemented by the U.S. government, could cause some consumers to buy a used vehicle instead of a new one, according to a recent study by Autolist.com.
Forty-one percent of current car shoppers polled by Autolist said that tariffs on new vehicles would cause them to buy a used vehicle. Meanwhile, 22 percent of consumers said they were unsure of the impact on their purchase consideration, 15 percent said they would buy a cheaper new vehicle than they were originally considering, 14 percent said tariffs wouldn’t change their plans to buy a new vehicle, and 9 percent said tariffs would cause them to delay their purchase altogether.
Autolist polled 1,453 current car shoppers in late July to gauge the impact of potential tariffs on their vehicle purchase.
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