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Stock impact report

Tariffs on auto imports could lead to few options, higher prices for used vehicles [Yahoo! Finance]

CarGurus, Inc. - Class A (CARG) 
Last cargurus, inc. - class a earnings: 2/13 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.cargurus.com/investor-relations
Company Research Source: Yahoo! Finance
rise . Used car prices will also likely increase, analysts say, and selection, especially of lightly used vehicles, will dwindle. Consumers looking for a deal may already be too late, these analysts say. "We're sitting at this point where supply is tight," said Jeremy Robb, senior director of economic and industry insights at Cox Automotive. "Sales are running higher. People were already a little bit worried about increased prices for used vehicles." President Donald Trump's announcement of a 25% tariff on imported vehicles will "probably put a little bit more fuel on the fire," he said. Days' supply, a measure of the number of days it would take at the current sales rate to deplete available inventory, is 39 days on the used vehicle market, Robb said, which he said is tight relative to long-term average and the tightest it has been since 2021. The tariff news comes as the auto industry is in the midst of what is typically a strong car-buying season due to consumers receiving Show less Read more
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