Spectrum of car rates sparkle certain car buyers to precipitate purchases

Ziggy Duchnowski spent Saturday morning shopping along the Northern Boulevard in Queens with two goals in mind.

He wanted to find a new little car for his wife, and he hoped to conclude an agreement in front of the new prices that President Trump imposed on imported cars and trucks affect prices.

“The word in the street is that the prices will now draw,” said Duchnowski, 45, a carpenter from the Union who voted for Trump, holding his two grandchildren.

Prices – 25% on vehicles and parts produced outside the United States – will have a broad impact on the North American automotive industry. They are supposed to come into force on April 3 and are sure to increase the prices of new cars and trucks.

They will also force car manufacturers to adjust their North American manufacturing operations and rush to find ways to reduce costs to compensate for prices. And at least for the moment, they stimulate certain consumers to buy vehicles before the prices of the stickers jump.

Analysts believe that prices will considerably increase new vehicle prices, adding a few thousand dollars for entry -level models to $ 10,000 or more for high -end cars and trucks. Higher prices for new vehicles are also likely to push the prices of used cars.