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Stock impact report

Tariffs threaten entry level-priced car inventory, experts warn [FOX Business Network]

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
About 90% of affordable vehicles – what Cars Commerce defines as those priced under $30,000 – are made outside the U.S., which puts them at risk of potential price hikes or production cuts, according to Jennifer Newman, editor-in-chief of Cars.com. Cars Commerce is a platform that includes the flagship Cars.com. Budget-friendly models are already in short supply, and, according to Newman, Trump's auto industry tariffs could lead manufacturers to further scale back production. Currently, cars priced under $30,000 account for just 14% of new-vehicle inventory, according to data from Cars Commerce. That's down significantly from 38% during the 2019-2021 period, according to the data. Trump imposed a 25% tariff in April on all imported passenger vehicles. This includes sedans, SUVs, crossovers, minivans, cargo vans and light trucks. It also hits key automobile parts such as engines, transmissions, powertrain parts and electrical components. The administration is also planning to Show less Read more
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