Experts predict that steep U.S. tariffs on imported vehicles will further drive up already high prices for new and used cars. Used car values are rising as buyers shift from new to used vehicles to avoid escalating costs. Anticipation of these changes has recently stirred increased consumer interest in the used car market. Dealership owners express concern about the potential negative impact on their businesses, emphasizing the challenges faced by small dealerships due to supply and demand shifts resulting from the tariffs.
"New car prices go up. People (look) into the used cars, and then that increase in demand drives the prices up for used vehicles," he said.
"It's inevitable that there's going to be an increase in new car prices," said Akyurek.
"As a small family dealership, the tariffs could have huge impacts," he added.
"We believe that some of those consumers who wanted to get ahead of these potential increases, they've already pulled the trigger," he said.
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