New and Used Car Prices Set to Rise Due to US Tariffs: Experts

New and Used Car Prices Set to Rise Due to US Tariffs: Experts
New cars, left, are parked at a car dealership in Quebec City, on Oct. 11, 2024. The Canadian Press/Jacques Boissinot
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Experts say U.S. tariffs on Canadian auto imports will drive prices higher for both new and used cars.

Sean Mactavish, CEO of used-car marketplace Autozen, says prices are already rising on some used cars as sellers anticipate buyers looking for a better deal compared to a new vehicle.