Reuters reports that a collection of auto industry groups sent a letter Commerce Secretary Howard Lutnick, Treasury Secretary Scott Bessent, and U.S. Trade Representative Jamieson Greer urging the ...

Any increases come on top of average car prices that were already hovering around $50,000. Pair that with stubbornly high interest rates, and the average monthly car payment is now $766, according ...

New car prices hit a record high, and President Trump blames fuel efficiency standards. NPR's Ayesha Rascoe speaks with Bloomberg Detroit bureau chief David Welch about what's behind the high prices.

President Donald Trump made official Wednesday his long-promised tariffs for the automotive industry, imposing a 25% import tariff on all cars, light-duty trucks and some car parts imported into the U ...

New and used car prices are likely to increase if the US imposes a 25% tariff on cars and auto parts brought in from other countries, experts said. Production costs may rise $3,000 to $15,000, ...

Trump administration's tariffs on imported auto parts went into effect on May 3, applying a 25% duty on vehicle components. Quite a few parts for US-made vehicles are produced across the border in ...

The 25% tariffs on imported cars will take effect next week. Auto tariffs announced by President Donald Trump will likely raise car prices by thousands of dollars, while hiking costs for repairs and ...

Trump has seemed to shrug off worries that his trade tariffs will raise prices on everyday items for Americans. Prices on new and used cars are likely to go up due to the 25 percent levies on imported ...

If you’re buying a new car, you’re probably wondering how uncertainty around tariffs will affect prices. You’re not alone. The entire auto industry is working through the White House’s recent ...

Sarina Trangle started as a corporate news reporter in October 2024. She previously spent four years on the business desk at Newsday, covering the health industry, commercial real estate and cannabis.