Sales

New-vehicle prices on track to rise by 5% by year-end; March may mark high point for sales, NADA economist says

Thomas King, president of data and analytics for J.D. Power, right, anticipates that the industry won’t see major price increases until the end of the second quarter.
Thomas King, president of data and analytics for J.D. Power, right, anticipates that the U.S. new-vehicle market won’t see major price increases until the end of the second quarter. (J.D. POWER)
April 15, 2025 06:21 PM

NEW YORK — Declining U.S. consumer sentiment along with uncertainty over vehicle price increases prompted by President Donald Trump’s tariffs means March will represent a high point for sales in 2025, according to the National Automobile Dealers Association’s Chief Economist Patrick Manzi.

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