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Stock impact report

Ahead of Trump's auto tariffs, are U.S. consumers rushing to buy cars? [CBS News]

Cars.com Inc. (CARS) 
Last cars.com inc. earnings: 2/26 07:30 am Check Earnings Report
US:NYSE Investor Relations: investor.cars.com/overview/default.aspx
Company Research Source: CBS News
In an executive order signed on March 26, Mr. Trump said he will put a 25% tariff on vehicles and auto parts imported into the U.S. Earlier this month, Mr. Trump issued a one-month delay for U.S. automakers on tariffs placed on imports from Canada and Mexico, trading partners that provide many of the car makers' vehicle parts and components. If the 25% levies are enacted, auto manufacturers will face higher costs and are likely to eventually pass on some of those price hikes to consumers, industry players say. With that in mind, analysts are advising shoppers in the market for new vehicles to buy them sooner in 2025 than later, as inventory that's currently on the lot is not subject to the auto tariffs. "Vehicles on lots and the inventory that exists today has not been impacted by tariffs, so it's a good time to buy a car," Joe McCabe, president and CEO of AutoForecast Solutions, a provider of automobile industry insights, told CBS MoneyWatch. "It has to fit within the financial Show less Read more
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