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6d ago

U.S. Car Prices Hold Ground in May Despite Tariffs

Pre-tariff stockpiles kept new-vehicle stickers stable as low inventory and consumer caution sustain elevated used-car valuations.

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New vehicles are parked at the National City Marine Terminal in California, a major port for vehicle imports and exports.
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Overview

  • Average transaction price for a new vehicle dipped 0.2% month-over-month to $48,334 in May, according to Edmunds.com data.
  • Cox Automotive’s Manheim Used Vehicle Value Index fell 1.5% from April but remains 4% above its level a year earlier.
  • Nearly all cars delivered in May were stocked before the 25% import levies on vehicles and parts took effect, blunting immediate cost hikes.
  • General Motors projects the tariffs will shave about $5 billion off its results by the end of 2025.
  • Used-vehicle availability stands at 2.2 million units and high interest rates are weighing on new-car purchase intentions.