Used car prices averaged $31,556 in March, down from a peak of $32,889 in April 2022 but still 33% more than March 2020’s $23,691. How is used car inventory? As of Feb. 2, dealers nationwide had ...

The car and truck market is about to get worse, and not just because of tariffs. New car sales bottomed out in 2022, the peak year of COVID-19-era shortages that hobbled assembly lines.

American car buyers braced for the worst when President Donald Trump’s auto tariffs started taking effect in April. But so far, prices are little changed.

Note: When it comes to the new car loan interest deduction, most imported vehicles, subject to the new 25% tariff, won't meet this U.S. assembly requirement and will not be eligible for it.