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“The Alliance of Automobile Manufacturers, a trade group representing domestic and foreign automakers with plants in the U.S., predicts the average price of a new vehicle will increase $5,800 if the president imposes a 25 percent tariff on imported models.”

–CNBC.com, June 27, 2018

“U.S. auto sales in June likely rose 2.5 percent from the same month in 2017…although discounts on new vehicles remain high, industry consultants…said on Tuesday.”

–Reuters, June 26, 2018

 

(Sources:  “Automakers to Trump:  Tariffs will drive up auto prices and cost thousands of jobs,” by Phil LeBeau, CNBC.com, https://www.cnbc.com/2018/06/27/automakers-to-trump-tariffs-will-drive-up-auto-prices-and-cost-jobs.html & “U.S. June auto sales seen up 2.5 percent, J.D. Power and LMC,” by Nick Carey, Reuters, June 26, 2018, https://www.reuters.com/article/us-usa-autos-sales/u-s-june-auto-sales-seen-up-2-5-percent-j-d-power-and-lmc-idUSKBN1JM1L4)