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Stock impact report

Trump's tariffs could drive up auto repair costs, experts say [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
President Donald Trump's tariffs on the auto industry aren't just expected to push car prices higher. These levies could also drive up the cost of repairs, too, according to industry experts. Ever since Trump imposed a 25% tariff in April on all imported passenger vehicles, car experts have been concerned that the cost of new vehicles across the industry would take a massive hit. The National Automobile Dealers Association issued concerns this year, saying that "matching customers with vehicles they can afford" has already "been a continuing challenge for America's new car and truck dealers." However, people who currently own a car will face problems as vehicles on the road are getting older. The average age of cars and light trucks in the U.S. hit a record high of 12.6 years last year, according to data released by S&P Global Mobility. Todd Campau, aftermarket practice lead at S&P Global Mobility, said with the growth in average age, more vehicles are now "entering the prime r Show less Read more
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