The simple answer is to buy now, experts say, especially if you are already in the market for a car.

Honda Fit is worth almost as much today as it was when I bought it used in the fall of 2019. If I wait a few days, I might even have a chance of breaking even or making a profit, given the way prices are going in the wake of “Liberation Day” with new tariffs on automobiles.

According to Ivan Drury, director of insights at automotive research site Edmunds, cars assembled in the U.S. won't necessarily be safe from tariffs, due to manufacturers relying on foreign imports. Nissan, for example, has suppliers from all over the world, with many of them providing up to 70% or 80% of parts.

Some automakers have already warned dealerships they’re prepared to charge more for new shipments as soon as this week.

President Donald Trump’s 25% tariffs on autos not made in the U.S. and certain auto parts will send ripple effects through an industry that is already being pummeled by steel and aluminum import duties and on-again,

For context, the average price for a SUV or truck can range from around $30,000 to $50,000, while the average used price can range from $15,000 to $35,000, depending on factors like make, model, age and condition. Buying before tariffs are implemented could help consumers avoid these price hikes.

Trump's new round of tariffs are likely to result in price hikes on wide swaths of cars and trucks, not just those assembled in Mexico and Canada.

The vastness of Magna's facility in Michigan underscores its role as a key cog in the intricate global auto supply chain. The company has 59 facilities in the United States, 50 in