DENVER (KDVR) — With new tariffs on cars and auto parts expected to go into place next week, prepare to see not only a jump in costs of new vehicles but also used ones and repairs as well.
Those new tariffs are set to begin on April 3 and could expand even further in the weeks to follow. The Colorado Automobile Dealers Association said this is expected to hit your wallet in several different ways, with new vehicle prices expected to rise.
“And that could be anywhere from zero to 25% higher than it is today,” said Matthew Groves, President and CEO of the Colorado Automobile Dealers Association.
Four hospitalized after crash in Lakewood
He said there is a lot of uncertainty, however, especially around when exactly prices could rise…