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Car prices hold steady in May despite tariffs | CNN Business

Even with new tariffs on imported cars and car parts, American car buyers paid slightly less in May for new vehicles.

The article from CNN, dated June 6, 2025, discusses how car prices in the U.S. have remained steady despite the imposition of new tariffs on imported vehicles. The tariffs, aimed at protecting domestic manufacturers, were expected to increase costs for consumers. However, the article explains that competitive pricing strategies among automakers and a surplus of inventory have helped keep prices stable. Additionally, the piece highlights that electric vehicle prices have seen a slight decrease due to increased production and government incentives, providing some relief to buyers in the market for eco-friendly options.

Read the Full CNN Article at:
https://www.cnn.com/2025/06/06/business/car-prices-steady-despite-tariffs-cost