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Manufacturing

Dealer panel: Tariffs will bump up already high monthly payments

A suburban Chicago Ford dealer is encouraging shoppers to buy now to avoid tariff price increases.
A suburban Chicago Ford dealer is encouraging shoppers to buy now to avoid tariff price increases. Panelists warned that if high monthly payments — now averaging over $740, according to Edmunds — continue increasing, it will affect all corners of the dealership. (PACKEY WEBB FORD)
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By:
Richard Truett
May 23, 2025 05:12 PM

The Trump administration’s tariffs have the potential to turn up the heat on a long-simmering auto industry problem: consumers’ ballooning monthly car payments.

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