Tariffs Explained
Secure your used vehicle before tariffs shift the market.
Don’t Wait to Buy Your Next Pre-Owned Vehicle – Tariffs May Soon Impact Used Car Pricing
At Spruce Grove Hyundai, we believe in helping our customers stay ahead of the curve. With ongoing tariff negotiations between Canada and the U.S., industry experts are warning of potential impacts to the used car market — including rising prices and reduced availability.
While the exact outcome of these negotiations is still unfolding, one thing is clear: now is a smart time to buy a used vehicle, before market demand drives prices higher.
What could tariffs have to do with used car pricing?
If trade costs rise or supply chains are disrupted, more buyers have historically shift their focus to used vehicles, leading to increased demand in the used car market.