From Torque News.

I have a story, which offers a different take on vehicle price increases and tariffs. Did you know that during the first two years of President Biden’s administration, average vehicle transaction prices leapt by 17.3%? With the help of Torque News senior reporter John Goreham, who did the research, I am going to lay out the facts and figures so you can compare the Biden-era increases to the coming tariff-related price changes under President Trump.

As you can see, the prices of automobiles have gone up and down over recent presidential administrations. Double-digit cost increases have happened before and have happened recently. As the changes come during President Trump’s “47” administration, we now have a handy baseline against which to judge the expected changes.

Reference: Article by Torque News senior reporter John Goreham: "Car Prices Spiked 17% During the First Two Years of Biden – We Lay Out the Facts and Figures So You Can Compare the Biden-Era Increases to the Coming Tariff-Related Price Changes Under President Trump"
https://www.torquenews.com/1083/automobile-prices-rose-17-percent-during-first-two-years-biden-administration-we-lay-out-facts

This is Armen Hareyan from Torque News. Please follow us at https://twitter.com/torquenewsauto on Twitter and https://www.torquenews.com/ for daily automotive news. Also, follow us on Telegram at https://t.me/teslaev