U.S. drivers rush to buy cars before price hikes

Car buyers in the U.S. are hurrying to dealerships due to fears of a potential 25% tariff on vehicles imported from Mexico and Canada. This could raise prices by up to $12,000 for electric vehicles and $9,000 for larger SUVs. An analysis indicates that manufacturing costs for crossover vehicles could increase by $4,000. With only three months of inventory available, many buyers are acting quickly to secure deals before prices rise. Dealerships are experiencing increased traffic, with some using the tariff threat in marketing. Car searches on Cars.com rose by 9% recently, reflecting the urgency among consumers to purchase vehicles.