The prices of used cars rise to the highest level since 2023, when automatic definitions struck buyers

Used auto buyers are exposed to the high prices of used cars with a modification of the car market for the president Donald Trump 25 % tariffs on car imports.

The prices of cars used In April, it was significantly higher in March, when the Mannheim Index used to 208.2 – which is 2.7 % over March and 4.9 % higher than last year. This is the highest reading of the index since October 2023.

“We expected to see a strong appreciation for the prices in response to the definitions, and this is exactly what happened,” said Jeremy Rob, the chief director of economic and industrial visions at COX Automotive. “Weekly trends showed higher values ​​with our movement during the month, but those that increase every week.”

“The retailer used remains stronger than usual, and the width of the sentence days is more comprehensive, so we will likely see a lower decrease than the usual Q2. With our move to the second half of the year, although the car market may slowly slow down that strong demand has prompted some transactions forward in March and April, where buyers tried to get the expected high prices due to withdrawal.”

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Retail sales of used vehicles in April decreased by 1.7 % than March, but were 13 % higher compared to last year. In the past four weeks, Average retail list price The report found that there is a 2 % used vehicle.

New vehicle sales were 11.1 % higher in April than the past year, as concerns about the customs tariff that led to the increase in prices later in the year increased sales, despite the decrease in the 8 % stronger march.

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Earlier this year, Trump announced 25 % tariffs on imported vehicles This was scheduled to enter on April 2, while another 25 % tariff was set on imported car parts to be valid on May 3.

On April 29, the president signed an executive order that modified the customs tariff by providing a displacement to a part of the customs tariff for auto parts used in the combined vehicles in the United States, which amount to 3.75 % of the proposed retail price of the manufacturer (MSRP) for American manufacturer for the next year, and 2.5 % of US production in the following year.

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The White House said that this step “adjusts the movement of tariffs on cars and auto parts by encouraging manufacturers to collect their cars in the United States, thus reducing American dependence on foreign auto imports and auto parts.”

Aislinn Murphy Fox Business contributed to this report.