Automobiles have consistently been costly, and although it is widely recognized that their prices have been steadily increasing in recent years, the new tariffs introduced by Donald Trump are expected to further elevate these costs.

Previously, the average price was just below $50,000. As reported by Statista, the US automotive sector sold nearly 16 million ‘light vehicles’ in 2024, which encompasses cars, vans, and small trucks, with 3 million of these being passenger vehicles.