\n<\/p>\n
Breadcrumb Trail Links<\/p>\n
Analysts see 50% chance that tariff turmoil could last for months, slowing production of some vehicles<\/p>\n
Published Mar 19, 2025<\/span> \u00a0\u2022\u00a0 Last updated 6\u00a0minutes ago<\/span> \u00a0\u2022\u00a0 4 minute read<\/span><\/p>\n\n\n<\/button><\/p>\n\n\n\n\nYou can save this article by registering for free here. Or sign-in if you have an account.<\/p>\n<\/div>\n<\/div>\n<\/svg><\/button><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/source><\/source><\/source><\/source><\/source><\/picture>Vehicles for sale at a Windsor car dealership this month. <\/span> Photo by DAN JANISSE\/Postmedia<\/span><\/figcaption><\/figure>\n<\/div>\n<\/header>\n\nArticle content<\/h2>\nThere are many uncertainties about how United States President Donald Trump\u2019s tariffs will affect the auto industry, but sector insiders say one thing is all but certain: the price to buy a vehicle is about to go up and may already be rising.<\/p>\n<\/section>\n\nArticle content<\/p>\n<\/section>\n\nArticle content<\/p>\n\u201cThe first economic effect we\u2019ll see, and it\u2019s a major one, is on car prices,\u201d Charles Bernard, lead economist at the Canadian Automobile Dealers Association, said. \u201cAnd our car prices aren\u2019t necessarily cheap right now at the moment, so it won\u2019t help something that was already a problem.\u201d<\/p>\n<\/section>\n\n\nAdvertisement 2<\/p>\n\n\n\n\nThis advertisement has not loaded yet, but your article continues below.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n\n\n\n<\/p>\n\nTHIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY<\/p>\nSubscribe now to read the latest news in your city and across Canada.<\/p>\n\nExclusive articles from Barbara Shecter, Joe O’Connor, Gabriel Friedman, and others.<\/li>\nDaily content from Financial Times, the world’s leading global business publication.<\/li>\nUnlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.<\/li>\nNational Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.<\/li>\nDaily puzzles, including the New York Times Crossword.<\/li>\n<\/ul>\n<\/div>\n\nSUBSCRIBE TO UNLOCK MORE ARTICLES<\/p>\nSubscribe now to read the latest news in your city and across Canada.<\/p>\n\nExclusive articles from Barbara Shecter, Joe O’Connor, Gabriel Friedman and others.<\/li>\nDaily content from Financial Times, the world’s leading global business publication.<\/li>\nUnlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.<\/li>\nNational Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.<\/li>\nDaily puzzles, including the New York Times Crossword.<\/li>\n<\/ul>\n<\/div>\n\nREGISTER \/ SIGN IN TO UNLOCK MORE ARTICLES<\/p>\nCreate an account or sign in to continue with your reading experience.<\/p>\n\nAccess articles from across Canada with one account.<\/li>\nShare your thoughts and join the conversation in the comments.<\/li>\nEnjoy additional articles per month.<\/li>\nGet email updates from your favourite authors.<\/li>\n<\/ul>\n<\/div>\n\nTHIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.<\/p>\nCreate an account or sign in to continue with your reading experience.<\/p>\n\nAccess articles from across Canada with one account<\/li>\nShare your thoughts and join the conversation in the comments<\/li>\nEnjoy additional articles per month<\/li>\nGet email updates from your favourite authors<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<\/header>\n\n\n\n\n\nSign In or Create an Account<\/h2>\nor<\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n\nArticle content<\/p>\nIt all comes as a gut punch to some who believed the auto industry was just returning to a healthy state.<\/p>\nThe auto sector had been hit hard by inflation, with the average price of a new car in Canada rising 43.2 per cent between 2019 and 2025, and used car prices rose 39.5 per cent during the same timeframe, according to data from AutoTrader.com Inc., the vehicle marketplace. But in 2024, the average used car price declined by 12.1 per cent.<\/p>\nExactly how much car prices could rise again thanks to the latest tariffs is difficult to predict. J.D. Power earlier this month estimated that 25 per cent U.S. tariffs and counter-tariffs could add $6,000 to the price of a new vehicle, which is a 9.2 per cent increase given that the average new vehicle in Canada costs $64,600, according to Autotrader.<\/p>\nBut nearly everyone agrees that estimate is only a rough guess and there are many factors at play.<\/p>\nJust two months into office, the Trump administration has unleashed a barrage of tariffs, threatened tariffs and reprieves that even economists are having a hard time keeping track of, let alone making sense of their combined impacts on the auto sector.<\/p>\n<\/section>\n\n\n\n\n<\/div>\n\nTop Stories<\/p>\nGet the latest headlines, breaking news and columns.<\/p>\n<\/div>\n<\/div>\n\n\nBy signing up you consent to receive the above newsletter from Postmedia Network Inc.<\/p>\n<\/div>\n\nThanks for signing up!<\/p>\nA welcome email is on its way. If you don’t see it, please check your junk folder.<\/p>\nThe next issue of Top Stories will soon be in your inbox.<\/p>\n<\/div>\nWe encountered an issue signing you up. Please try again<\/p>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n\nArticle content<\/p>\n<\/section>\n\n\nAdvertisement 3<\/p>\n\n\n\n\nThis advertisement has not loaded yet, but your article continues below.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n\nArticle content<\/p>\nAt the beginning of March, the U.S. enacted 25 per cent tariffs on all Canadian goods that are not compliant with the Canada-United-States-Mexico Agreement (CUSMA), which could affect some auto parts manufactured here, though most vehicles are believed to be compliant. It also levied 25 per cent tariffs on Canadian steel and aluminum, both of which are large inputs for vehicles.<\/p>\nTrump has further signalled that he plans to enact 25 per cent tariffs on April 2 on autos and additional 25 per cent \u201creciprocal\u201c tariffs on a sweeping set of goods, which would in effect match any costs that U.S. exporters face, such as goods and services taxes, that are not generally considered as trade duties.<\/p>\nAnalysts at S&P Global Mobility are predicting a 50 per cent probability of there being \u201can extended disruption\u201d \u2014 one that lasts 16 weeks to 20 weeks \u2014 when vehicles that are more exposed to tariffs will slow or cease production.<\/p>\n\u201cConsumers will face rising costs on all goods, reducing available funds and willingness and ability for purchasing durable goods,\u201d Stephanie Brinley, associate director of autoIntelligence at S&P, said in a note on March 12. \u201cWe expect product development delays to have lasting effects into future years.\u201d<\/p>\n<\/section>\n\n\nAdvertisement 4<\/p>\n\n\n\n\nThis advertisement has not loaded yet, but your article continues below.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n\nArticle content<\/p>\nShe said one \u201cmore dire scenario,\u201d in which tariffs on vehicles produced in Canada and Mexico are integrated into the long-term trade structure on a permanent basis, has a 20 per cent probability of happening. Although this could increase U.S. manufacturing, she said it would increase costs and likely lead to a decline in vehicle sales.<\/p>\nBrinley gives a 30 per cent probability for a \u201cquick resolution\u201d and tariffs disappearing in a month or less, but this would still lead to lower production due to supply chain issues and border gridlock.<\/p>\nEventually, many economists say the tariffs could lead to inflation or a recession, which will affect interest rates and consumer behaviour, including whether to purchase a vehicle.<\/p>\n\u201cWith these tariffs in place, we would expect to see vehicle sales in these countries contract substantially,\u201d Andrew Foran, an economist at TD Economics, said in a Jan. 28 note.<\/p>\nEven 10 per cent tariffs could lead to a sales decline of light vehicles in Canada of around eight per cent, while a 25 per cent tariff could push the decline to around 13 per cent, he said.<\/p>\n<\/section>\n\n\nAdvertisement 5<\/p>\n\n\n\n\nThis advertisement has not loaded yet, but your article continues below.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n\nArticle content<\/p>\nSince tariffs raise prices for consumers and businesses, people will have less money to spend and economic growth will weaken, Foran said. That leads to higher unemployment and stagflation, which is weak growth and high inflation combined.<\/p>\n\u201cWe were so close to normalcy,\u201d Baris Akyurek, vice-president of insights and intelligence at AutoTrader, said. \u201cEverything was coming down, the demand was there, the supply was there, we were really close to normalcy and then this stuff happened.\u201d<\/p>\nHe said used car prices are an important indicator because it\u2019s the marketplace that absorbs demand when new car prices rise.<\/p>\nTypically, he said, used car prices start the year high and then decline, but used car prices have risen 0.4 per cent so far in March.<\/p>\n\u201cIt\u2019s not by much yet, and it\u2019s only 16 days of data, so this is not conclusive, but prices had been coming down,\u201d Akyurek said.<\/p>\nOn the other hand, the average price of a new vehicle declined by 0.2 per cent.<\/p>\nBut he said there are other troubling signs in the marketplace. Sellers have stopped dropping their prices as often this year, with a 22 per cent year-over-year decline in the number of price drops amongst all vehicles listed on AutoTrader.<\/p>\n<\/section>\n\n\nAdvertisement 6<\/p>\n\n\n\n\nThis advertisement has not loaded yet, but your article continues below.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n\nArticle content<\/p>\nSome dealerships in Canada are building up inventory now, which will provide a cushion against price increases for a period of time since those vehicles will not be affected by tariffs if they are imported before they go into effect.<\/p>\n\u201cIt\u2019s pretty clear what\u2019s going on,\u201d said Akyruek, who added that rises in price at this point \u201care inevitable.\u201d<\/p>\n\nRecommended from Editorial<\/p>\n<\/p>\n\n <\/picture>\nEV skepticism builds amid tariff threats, headwinds<\/span><\/p>\n<\/li>\n <\/picture>\nCanadian auto parts stocks thrown into tailspin by tariff woes<\/span><\/p>\n<\/li>\n <\/picture>\nWhy Trump tariffs are a bigger threat to Stellantis<\/span><\/p>\n<\/li>\n<\/ol>\n<\/section>\n\u2022 Email: gfriedman@postmedia.com<\/em><\/p>\nBookmark our website and support our journalism:<\/strong> Don\u2019t miss the business news you need to know \u2014 add financialpost.com to your bookmarks and sign up for our newsletters here.<\/em><\/p>\n<\/section>\n\nArticle content<\/p>\n<\/section>\n\nShare this article in your social network<\/p>\n<\/section>\n<\/div>\n\nAuto prices already rising as tariffs loom<\/a>\n2025-03-19 16:35:41<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Breadcrumb Trail Links News Economy Transportation Autos Analysts see 50% chance that tariff turmoil could last for months, slowing production of some vehicles Get the latest from Gabriel Friedman straight…<\/p>\n","protected":false},"author":2,"featured_media":57573,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[31],"tags":[],"class_list":{"0":"post-57572","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy"},"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/57572","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=57572"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/57572\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/57573"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=57572"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=57572"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=57572"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
You can save this article by registering for free here. Or sign-in if you have an account.<\/p>\n<\/div>\n<\/div>\n
<\/svg><\/button><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/source><\/source><\/source><\/source><\/source><\/picture>Vehicles for sale at a Windsor car dealership this month. <\/span> Photo by DAN JANISSE\/Postmedia<\/span><\/figcaption><\/figure>\n<\/div>\n<\/header>\n\nArticle content<\/h2>\nThere are many uncertainties about how United States President Donald Trump\u2019s tariffs will affect the auto industry, but sector insiders say one thing is all but certain: the price to buy a vehicle is about to go up and may already be rising.<\/p>\n<\/section>\n\nArticle content<\/p>\n<\/section>\n\nArticle content<\/p>\n\u201cThe first economic effect we\u2019ll see, and it\u2019s a major one, is on car prices,\u201d Charles Bernard, lead economist at the Canadian Automobile Dealers Association, said. \u201cAnd our car prices aren\u2019t necessarily cheap right now at the moment, so it won\u2019t help something that was already a problem.\u201d<\/p>\n<\/section>\n\n\nAdvertisement 2<\/p>\n\n\n\n\nThis advertisement has not loaded yet, but your article continues below.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n\n\n\n<\/p>\n\nTHIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY<\/p>\nSubscribe now to read the latest news in your city and across Canada.<\/p>\n\nExclusive articles from Barbara Shecter, Joe O’Connor, Gabriel Friedman, and others.<\/li>\nDaily content from Financial Times, the world’s leading global business publication.<\/li>\nUnlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.<\/li>\nNational Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.<\/li>\nDaily puzzles, including the New York Times Crossword.<\/li>\n<\/ul>\n<\/div>\n\nSUBSCRIBE TO UNLOCK MORE ARTICLES<\/p>\nSubscribe now to read the latest news in your city and across Canada.<\/p>\n\nExclusive articles from Barbara Shecter, Joe O’Connor, Gabriel Friedman and others.<\/li>\nDaily content from Financial Times, the world’s leading global business publication.<\/li>\nUnlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.<\/li>\nNational Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.<\/li>\nDaily puzzles, including the New York Times Crossword.<\/li>\n<\/ul>\n<\/div>\n\nREGISTER \/ SIGN IN TO UNLOCK MORE ARTICLES<\/p>\nCreate an account or sign in to continue with your reading experience.<\/p>\n\nAccess articles from across Canada with one account.<\/li>\nShare your thoughts and join the conversation in the comments.<\/li>\nEnjoy additional articles per month.<\/li>\nGet email updates from your favourite authors.<\/li>\n<\/ul>\n<\/div>\n\nTHIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.<\/p>\nCreate an account or sign in to continue with your reading experience.<\/p>\n\nAccess articles from across Canada with one account<\/li>\nShare your thoughts and join the conversation in the comments<\/li>\nEnjoy additional articles per month<\/li>\nGet email updates from your favourite authors<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<\/header>\n\n\n\n\n\nSign In or Create an Account<\/h2>\nor<\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n\nArticle content<\/p>\nIt all comes as a gut punch to some who believed the auto industry was just returning to a healthy state.<\/p>\nThe auto sector had been hit hard by inflation, with the average price of a new car in Canada rising 43.2 per cent between 2019 and 2025, and used car prices rose 39.5 per cent during the same timeframe, according to data from AutoTrader.com Inc., the vehicle marketplace. But in 2024, the average used car price declined by 12.1 per cent.<\/p>\nExactly how much car prices could rise again thanks to the latest tariffs is difficult to predict. J.D. Power earlier this month estimated that 25 per cent U.S. tariffs and counter-tariffs could add $6,000 to the price of a new vehicle, which is a 9.2 per cent increase given that the average new vehicle in Canada costs $64,600, according to Autotrader.<\/p>\nBut nearly everyone agrees that estimate is only a rough guess and there are many factors at play.<\/p>\nJust two months into office, the Trump administration has unleashed a barrage of tariffs, threatened tariffs and reprieves that even economists are having a hard time keeping track of, let alone making sense of their combined impacts on the auto sector.<\/p>\n<\/section>\n\n\n\n\n<\/div>\n\nTop Stories<\/p>\nGet the latest headlines, breaking news and columns.<\/p>\n<\/div>\n<\/div>\n\n\nBy signing up you consent to receive the above newsletter from Postmedia Network Inc.<\/p>\n<\/div>\n\nThanks for signing up!<\/p>\nA welcome email is on its way. If you don’t see it, please check your junk folder.<\/p>\nThe next issue of Top Stories will soon be in your inbox.<\/p>\n<\/div>\nWe encountered an issue signing you up. Please try again<\/p>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n\nArticle content<\/p>\n<\/section>\n\n\nAdvertisement 3<\/p>\n\n\n\n\nThis advertisement has not loaded yet, but your article continues below.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n\nArticle content<\/p>\nAt the beginning of March, the U.S. enacted 25 per cent tariffs on all Canadian goods that are not compliant with the Canada-United-States-Mexico Agreement (CUSMA), which could affect some auto parts manufactured here, though most vehicles are believed to be compliant. It also levied 25 per cent tariffs on Canadian steel and aluminum, both of which are large inputs for vehicles.<\/p>\nTrump has further signalled that he plans to enact 25 per cent tariffs on April 2 on autos and additional 25 per cent \u201creciprocal\u201c tariffs on a sweeping set of goods, which would in effect match any costs that U.S. exporters face, such as goods and services taxes, that are not generally considered as trade duties.<\/p>\nAnalysts at S&P Global Mobility are predicting a 50 per cent probability of there being \u201can extended disruption\u201d \u2014 one that lasts 16 weeks to 20 weeks \u2014 when vehicles that are more exposed to tariffs will slow or cease production.<\/p>\n\u201cConsumers will face rising costs on all goods, reducing available funds and willingness and ability for purchasing durable goods,\u201d Stephanie Brinley, associate director of autoIntelligence at S&P, said in a note on March 12. \u201cWe expect product development delays to have lasting effects into future years.\u201d<\/p>\n<\/section>\n\n\nAdvertisement 4<\/p>\n\n\n\n\nThis advertisement has not loaded yet, but your article continues below.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n\nArticle content<\/p>\nShe said one \u201cmore dire scenario,\u201d in which tariffs on vehicles produced in Canada and Mexico are integrated into the long-term trade structure on a permanent basis, has a 20 per cent probability of happening. Although this could increase U.S. manufacturing, she said it would increase costs and likely lead to a decline in vehicle sales.<\/p>\nBrinley gives a 30 per cent probability for a \u201cquick resolution\u201d and tariffs disappearing in a month or less, but this would still lead to lower production due to supply chain issues and border gridlock.<\/p>\nEventually, many economists say the tariffs could lead to inflation or a recession, which will affect interest rates and consumer behaviour, including whether to purchase a vehicle.<\/p>\n\u201cWith these tariffs in place, we would expect to see vehicle sales in these countries contract substantially,\u201d Andrew Foran, an economist at TD Economics, said in a Jan. 28 note.<\/p>\nEven 10 per cent tariffs could lead to a sales decline of light vehicles in Canada of around eight per cent, while a 25 per cent tariff could push the decline to around 13 per cent, he said.<\/p>\n<\/section>\n\n\nAdvertisement 5<\/p>\n\n\n\n\nThis advertisement has not loaded yet, but your article continues below.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n\nArticle content<\/p>\nSince tariffs raise prices for consumers and businesses, people will have less money to spend and economic growth will weaken, Foran said. That leads to higher unemployment and stagflation, which is weak growth and high inflation combined.<\/p>\n\u201cWe were so close to normalcy,\u201d Baris Akyurek, vice-president of insights and intelligence at AutoTrader, said. \u201cEverything was coming down, the demand was there, the supply was there, we were really close to normalcy and then this stuff happened.\u201d<\/p>\nHe said used car prices are an important indicator because it\u2019s the marketplace that absorbs demand when new car prices rise.<\/p>\nTypically, he said, used car prices start the year high and then decline, but used car prices have risen 0.4 per cent so far in March.<\/p>\n\u201cIt\u2019s not by much yet, and it\u2019s only 16 days of data, so this is not conclusive, but prices had been coming down,\u201d Akyurek said.<\/p>\nOn the other hand, the average price of a new vehicle declined by 0.2 per cent.<\/p>\nBut he said there are other troubling signs in the marketplace. Sellers have stopped dropping their prices as often this year, with a 22 per cent year-over-year decline in the number of price drops amongst all vehicles listed on AutoTrader.<\/p>\n<\/section>\n\n\nAdvertisement 6<\/p>\n\n\n\n\nThis advertisement has not loaded yet, but your article continues below.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n\nArticle content<\/p>\nSome dealerships in Canada are building up inventory now, which will provide a cushion against price increases for a period of time since those vehicles will not be affected by tariffs if they are imported before they go into effect.<\/p>\n\u201cIt\u2019s pretty clear what\u2019s going on,\u201d said Akyruek, who added that rises in price at this point \u201care inevitable.\u201d<\/p>\n\nRecommended from Editorial<\/p>\n<\/p>\n\n <\/picture>\nEV skepticism builds amid tariff threats, headwinds<\/span><\/p>\n<\/li>\n <\/picture>\nCanadian auto parts stocks thrown into tailspin by tariff woes<\/span><\/p>\n<\/li>\n <\/picture>\nWhy Trump tariffs are a bigger threat to Stellantis<\/span><\/p>\n<\/li>\n<\/ol>\n<\/section>\n\u2022 Email: gfriedman@postmedia.com<\/em><\/p>\nBookmark our website and support our journalism:<\/strong> Don\u2019t miss the business news you need to know \u2014 add financialpost.com to your bookmarks and sign up for our newsletters here.<\/em><\/p>\n<\/section>\n\nArticle content<\/p>\n<\/section>\n\nShare this article in your social network<\/p>\n<\/section>\n<\/div>\n\nAuto prices already rising as tariffs loom<\/a>\n2025-03-19 16:35:41<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Breadcrumb Trail Links News Economy Transportation Autos Analysts see 50% chance that tariff turmoil could last for months, slowing production of some vehicles Get the latest from Gabriel Friedman straight…<\/p>\n","protected":false},"author":2,"featured_media":57573,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[31],"tags":[],"class_list":{"0":"post-57572","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy"},"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/57572","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=57572"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/57572\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/57573"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=57572"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=57572"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=57572"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
There are many uncertainties about how United States President Donald Trump\u2019s tariffs will affect the auto industry, but sector insiders say one thing is all but certain: the price to buy a vehicle is about to go up and may already be rising.<\/p>\n<\/section>\n\nArticle content<\/p>\n<\/section>\n\nArticle content<\/p>\n\u201cThe first economic effect we\u2019ll see, and it\u2019s a major one, is on car prices,\u201d Charles Bernard, lead economist at the Canadian Automobile Dealers Association, said. \u201cAnd our car prices aren\u2019t necessarily cheap right now at the moment, so it won\u2019t help something that was already a problem.\u201d<\/p>\n<\/section>\n\n\nAdvertisement 2<\/p>\n\n\n\n\nThis advertisement has not loaded yet, but your article continues below.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n\n\n\n<\/p>\n\nTHIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY<\/p>\nSubscribe now to read the latest news in your city and across Canada.<\/p>\n\nExclusive articles from Barbara Shecter, Joe O’Connor, Gabriel Friedman, and others.<\/li>\nDaily content from Financial Times, the world’s leading global business publication.<\/li>\nUnlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.<\/li>\nNational Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.<\/li>\nDaily puzzles, including the New York Times Crossword.<\/li>\n<\/ul>\n<\/div>\n\nSUBSCRIBE TO UNLOCK MORE ARTICLES<\/p>\nSubscribe now to read the latest news in your city and across Canada.<\/p>\n\nExclusive articles from Barbara Shecter, Joe O’Connor, Gabriel Friedman and others.<\/li>\nDaily content from Financial Times, the world’s leading global business publication.<\/li>\nUnlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.<\/li>\nNational Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.<\/li>\nDaily puzzles, including the New York Times Crossword.<\/li>\n<\/ul>\n<\/div>\n\nREGISTER \/ SIGN IN TO UNLOCK MORE ARTICLES<\/p>\nCreate an account or sign in to continue with your reading experience.<\/p>\n\nAccess articles from across Canada with one account.<\/li>\nShare your thoughts and join the conversation in the comments.<\/li>\nEnjoy additional articles per month.<\/li>\nGet email updates from your favourite authors.<\/li>\n<\/ul>\n<\/div>\n\nTHIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.<\/p>\nCreate an account or sign in to continue with your reading experience.<\/p>\n\nAccess articles from across Canada with one account<\/li>\nShare your thoughts and join the conversation in the comments<\/li>\nEnjoy additional articles per month<\/li>\nGet email updates from your favourite authors<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<\/header>\n\n\n\n\n\nSign In or Create an Account<\/h2>\nor<\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n\nArticle content<\/p>\nIt all comes as a gut punch to some who believed the auto industry was just returning to a healthy state.<\/p>\nThe auto sector had been hit hard by inflation, with the average price of a new car in Canada rising 43.2 per cent between 2019 and 2025, and used car prices rose 39.5 per cent during the same timeframe, according to data from AutoTrader.com Inc., the vehicle marketplace. But in 2024, the average used car price declined by 12.1 per cent.<\/p>\nExactly how much car prices could rise again thanks to the latest tariffs is difficult to predict. J.D. Power earlier this month estimated that 25 per cent U.S. tariffs and counter-tariffs could add $6,000 to the price of a new vehicle, which is a 9.2 per cent increase given that the average new vehicle in Canada costs $64,600, according to Autotrader.<\/p>\nBut nearly everyone agrees that estimate is only a rough guess and there are many factors at play.<\/p>\nJust two months into office, the Trump administration has unleashed a barrage of tariffs, threatened tariffs and reprieves that even economists are having a hard time keeping track of, let alone making sense of their combined impacts on the auto sector.<\/p>\n<\/section>\n\n\n\n\n<\/div>\n\nTop Stories<\/p>\nGet the latest headlines, breaking news and columns.<\/p>\n<\/div>\n<\/div>\n\n\nBy signing up you consent to receive the above newsletter from Postmedia Network Inc.<\/p>\n<\/div>\n\nThanks for signing up!<\/p>\nA welcome email is on its way. If you don’t see it, please check your junk folder.<\/p>\nThe next issue of Top Stories will soon be in your inbox.<\/p>\n<\/div>\nWe encountered an issue signing you up. Please try again<\/p>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n\nArticle content<\/p>\n<\/section>\n\n\nAdvertisement 3<\/p>\n\n\n\n\nThis advertisement has not loaded yet, but your article continues below.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n\nArticle content<\/p>\nAt the beginning of March, the U.S. enacted 25 per cent tariffs on all Canadian goods that are not compliant with the Canada-United-States-Mexico Agreement (CUSMA), which could affect some auto parts manufactured here, though most vehicles are believed to be compliant. It also levied 25 per cent tariffs on Canadian steel and aluminum, both of which are large inputs for vehicles.<\/p>\nTrump has further signalled that he plans to enact 25 per cent tariffs on April 2 on autos and additional 25 per cent \u201creciprocal\u201c tariffs on a sweeping set of goods, which would in effect match any costs that U.S. exporters face, such as goods and services taxes, that are not generally considered as trade duties.<\/p>\nAnalysts at S&P Global Mobility are predicting a 50 per cent probability of there being \u201can extended disruption\u201d \u2014 one that lasts 16 weeks to 20 weeks \u2014 when vehicles that are more exposed to tariffs will slow or cease production.<\/p>\n\u201cConsumers will face rising costs on all goods, reducing available funds and willingness and ability for purchasing durable goods,\u201d Stephanie Brinley, associate director of autoIntelligence at S&P, said in a note on March 12. \u201cWe expect product development delays to have lasting effects into future years.\u201d<\/p>\n<\/section>\n\n\nAdvertisement 4<\/p>\n\n\n\n\nThis advertisement has not loaded yet, but your article continues below.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n\nArticle content<\/p>\nShe said one \u201cmore dire scenario,\u201d in which tariffs on vehicles produced in Canada and Mexico are integrated into the long-term trade structure on a permanent basis, has a 20 per cent probability of happening. Although this could increase U.S. manufacturing, she said it would increase costs and likely lead to a decline in vehicle sales.<\/p>\nBrinley gives a 30 per cent probability for a \u201cquick resolution\u201d and tariffs disappearing in a month or less, but this would still lead to lower production due to supply chain issues and border gridlock.<\/p>\nEventually, many economists say the tariffs could lead to inflation or a recession, which will affect interest rates and consumer behaviour, including whether to purchase a vehicle.<\/p>\n\u201cWith these tariffs in place, we would expect to see vehicle sales in these countries contract substantially,\u201d Andrew Foran, an economist at TD Economics, said in a Jan. 28 note.<\/p>\nEven 10 per cent tariffs could lead to a sales decline of light vehicles in Canada of around eight per cent, while a 25 per cent tariff could push the decline to around 13 per cent, he said.<\/p>\n<\/section>\n\n\nAdvertisement 5<\/p>\n\n\n\n\nThis advertisement has not loaded yet, but your article continues below.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n\nArticle content<\/p>\nSince tariffs raise prices for consumers and businesses, people will have less money to spend and economic growth will weaken, Foran said. That leads to higher unemployment and stagflation, which is weak growth and high inflation combined.<\/p>\n\u201cWe were so close to normalcy,\u201d Baris Akyurek, vice-president of insights and intelligence at AutoTrader, said. \u201cEverything was coming down, the demand was there, the supply was there, we were really close to normalcy and then this stuff happened.\u201d<\/p>\nHe said used car prices are an important indicator because it\u2019s the marketplace that absorbs demand when new car prices rise.<\/p>\nTypically, he said, used car prices start the year high and then decline, but used car prices have risen 0.4 per cent so far in March.<\/p>\n\u201cIt\u2019s not by much yet, and it\u2019s only 16 days of data, so this is not conclusive, but prices had been coming down,\u201d Akyurek said.<\/p>\nOn the other hand, the average price of a new vehicle declined by 0.2 per cent.<\/p>\nBut he said there are other troubling signs in the marketplace. Sellers have stopped dropping their prices as often this year, with a 22 per cent year-over-year decline in the number of price drops amongst all vehicles listed on AutoTrader.<\/p>\n<\/section>\n\n\nAdvertisement 6<\/p>\n\n\n\n\nThis advertisement has not loaded yet, but your article continues below.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n\nArticle content<\/p>\nSome dealerships in Canada are building up inventory now, which will provide a cushion against price increases for a period of time since those vehicles will not be affected by tariffs if they are imported before they go into effect.<\/p>\n\u201cIt\u2019s pretty clear what\u2019s going on,\u201d said Akyruek, who added that rises in price at this point \u201care inevitable.\u201d<\/p>\n\nRecommended from Editorial<\/p>\n<\/p>\n\n <\/picture>\nEV skepticism builds amid tariff threats, headwinds<\/span><\/p>\n<\/li>\n <\/picture>\nCanadian auto parts stocks thrown into tailspin by tariff woes<\/span><\/p>\n<\/li>\n <\/picture>\nWhy Trump tariffs are a bigger threat to Stellantis<\/span><\/p>\n<\/li>\n<\/ol>\n<\/section>\n\u2022 Email: gfriedman@postmedia.com<\/em><\/p>\nBookmark our website and support our journalism:<\/strong> Don\u2019t miss the business news you need to know \u2014 add financialpost.com to your bookmarks and sign up for our newsletters here.<\/em><\/p>\n<\/section>\n\nArticle content<\/p>\n<\/section>\n\nShare this article in your social network<\/p>\n<\/section>\n<\/div>\n\nAuto prices already rising as tariffs loom<\/a>\n2025-03-19 16:35:41<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Breadcrumb Trail Links News Economy Transportation Autos Analysts see 50% chance that tariff turmoil could last for months, slowing production of some vehicles Get the latest from Gabriel Friedman straight…<\/p>\n","protected":false},"author":2,"featured_media":57573,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[31],"tags":[],"class_list":{"0":"post-57572","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy"},"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/57572","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=57572"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/57572\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/57573"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=57572"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=57572"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=57572"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
Article content<\/p>\n<\/section>\n\nArticle content<\/p>\n\u201cThe first economic effect we\u2019ll see, and it\u2019s a major one, is on car prices,\u201d Charles Bernard, lead economist at the Canadian Automobile Dealers Association, said. \u201cAnd our car prices aren\u2019t necessarily cheap right now at the moment, so it won\u2019t help something that was already a problem.\u201d<\/p>\n<\/section>\n\n\nAdvertisement 2<\/p>\n\n\n\n\nThis advertisement has not loaded yet, but your article continues below.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n\n\n\n<\/p>\n\nTHIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY<\/p>\nSubscribe now to read the latest news in your city and across Canada.<\/p>\n\nExclusive articles from Barbara Shecter, Joe O’Connor, Gabriel Friedman, and others.<\/li>\nDaily content from Financial Times, the world’s leading global business publication.<\/li>\nUnlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.<\/li>\nNational Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.<\/li>\nDaily puzzles, including the New York Times Crossword.<\/li>\n<\/ul>\n<\/div>\n\nSUBSCRIBE TO UNLOCK MORE ARTICLES<\/p>\nSubscribe now to read the latest news in your city and across Canada.<\/p>\n\nExclusive articles from Barbara Shecter, Joe O’Connor, Gabriel Friedman and others.<\/li>\nDaily content from Financial Times, the world’s leading global business publication.<\/li>\nUnlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.<\/li>\nNational Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.<\/li>\nDaily puzzles, including the New York Times Crossword.<\/li>\n<\/ul>\n<\/div>\n\nREGISTER \/ SIGN IN TO UNLOCK MORE ARTICLES<\/p>\nCreate an account or sign in to continue with your reading experience.<\/p>\n\nAccess articles from across Canada with one account.<\/li>\nShare your thoughts and join the conversation in the comments.<\/li>\nEnjoy additional articles per month.<\/li>\nGet email updates from your favourite authors.<\/li>\n<\/ul>\n<\/div>\n\nTHIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.<\/p>\nCreate an account or sign in to continue with your reading experience.<\/p>\n\nAccess articles from across Canada with one account<\/li>\nShare your thoughts and join the conversation in the comments<\/li>\nEnjoy additional articles per month<\/li>\nGet email updates from your favourite authors<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<\/header>\n\n\n\n\n\nSign In or Create an Account<\/h2>\nor<\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n\nArticle content<\/p>\nIt all comes as a gut punch to some who believed the auto industry was just returning to a healthy state.<\/p>\nThe auto sector had been hit hard by inflation, with the average price of a new car in Canada rising 43.2 per cent between 2019 and 2025, and used car prices rose 39.5 per cent during the same timeframe, according to data from AutoTrader.com Inc., the vehicle marketplace. But in 2024, the average used car price declined by 12.1 per cent.<\/p>\nExactly how much car prices could rise again thanks to the latest tariffs is difficult to predict. J.D. Power earlier this month estimated that 25 per cent U.S. tariffs and counter-tariffs could add $6,000 to the price of a new vehicle, which is a 9.2 per cent increase given that the average new vehicle in Canada costs $64,600, according to Autotrader.<\/p>\nBut nearly everyone agrees that estimate is only a rough guess and there are many factors at play.<\/p>\nJust two months into office, the Trump administration has unleashed a barrage of tariffs, threatened tariffs and reprieves that even economists are having a hard time keeping track of, let alone making sense of their combined impacts on the auto sector.<\/p>\n<\/section>\n\n\n\n\n<\/div>\n\nTop Stories<\/p>\nGet the latest headlines, breaking news and columns.<\/p>\n<\/div>\n<\/div>\n\n\nBy signing up you consent to receive the above newsletter from Postmedia Network Inc.<\/p>\n<\/div>\n\nThanks for signing up!<\/p>\nA welcome email is on its way. If you don’t see it, please check your junk folder.<\/p>\nThe next issue of Top Stories will soon be in your inbox.<\/p>\n<\/div>\nWe encountered an issue signing you up. Please try again<\/p>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n\nArticle content<\/p>\n<\/section>\n\n\nAdvertisement 3<\/p>\n\n\n\n\nThis advertisement has not loaded yet, but your article continues below.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n\nArticle content<\/p>\nAt the beginning of March, the U.S. enacted 25 per cent tariffs on all Canadian goods that are not compliant with the Canada-United-States-Mexico Agreement (CUSMA), which could affect some auto parts manufactured here, though most vehicles are believed to be compliant. It also levied 25 per cent tariffs on Canadian steel and aluminum, both of which are large inputs for vehicles.<\/p>\nTrump has further signalled that he plans to enact 25 per cent tariffs on April 2 on autos and additional 25 per cent \u201creciprocal\u201c tariffs on a sweeping set of goods, which would in effect match any costs that U.S. exporters face, such as goods and services taxes, that are not generally considered as trade duties.<\/p>\nAnalysts at S&P Global Mobility are predicting a 50 per cent probability of there being \u201can extended disruption\u201d \u2014 one that lasts 16 weeks to 20 weeks \u2014 when vehicles that are more exposed to tariffs will slow or cease production.<\/p>\n\u201cConsumers will face rising costs on all goods, reducing available funds and willingness and ability for purchasing durable goods,\u201d Stephanie Brinley, associate director of autoIntelligence at S&P, said in a note on March 12. \u201cWe expect product development delays to have lasting effects into future years.\u201d<\/p>\n<\/section>\n\n\nAdvertisement 4<\/p>\n\n\n\n\nThis advertisement has not loaded yet, but your article continues below.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n\nArticle content<\/p>\nShe said one \u201cmore dire scenario,\u201d in which tariffs on vehicles produced in Canada and Mexico are integrated into the long-term trade structure on a permanent basis, has a 20 per cent probability of happening. Although this could increase U.S. manufacturing, she said it would increase costs and likely lead to a decline in vehicle sales.<\/p>\nBrinley gives a 30 per cent probability for a \u201cquick resolution\u201d and tariffs disappearing in a month or less, but this would still lead to lower production due to supply chain issues and border gridlock.<\/p>\nEventually, many economists say the tariffs could lead to inflation or a recession, which will affect interest rates and consumer behaviour, including whether to purchase a vehicle.<\/p>\n\u201cWith these tariffs in place, we would expect to see vehicle sales in these countries contract substantially,\u201d Andrew Foran, an economist at TD Economics, said in a Jan. 28 note.<\/p>\nEven 10 per cent tariffs could lead to a sales decline of light vehicles in Canada of around eight per cent, while a 25 per cent tariff could push the decline to around 13 per cent, he said.<\/p>\n<\/section>\n\n\nAdvertisement 5<\/p>\n\n\n\n\nThis advertisement has not loaded yet, but your article continues below.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n\nArticle content<\/p>\nSince tariffs raise prices for consumers and businesses, people will have less money to spend and economic growth will weaken, Foran said. That leads to higher unemployment and stagflation, which is weak growth and high inflation combined.<\/p>\n\u201cWe were so close to normalcy,\u201d Baris Akyurek, vice-president of insights and intelligence at AutoTrader, said. \u201cEverything was coming down, the demand was there, the supply was there, we were really close to normalcy and then this stuff happened.\u201d<\/p>\nHe said used car prices are an important indicator because it\u2019s the marketplace that absorbs demand when new car prices rise.<\/p>\nTypically, he said, used car prices start the year high and then decline, but used car prices have risen 0.4 per cent so far in March.<\/p>\n\u201cIt\u2019s not by much yet, and it\u2019s only 16 days of data, so this is not conclusive, but prices had been coming down,\u201d Akyurek said.<\/p>\nOn the other hand, the average price of a new vehicle declined by 0.2 per cent.<\/p>\nBut he said there are other troubling signs in the marketplace. Sellers have stopped dropping their prices as often this year, with a 22 per cent year-over-year decline in the number of price drops amongst all vehicles listed on AutoTrader.<\/p>\n<\/section>\n\n\nAdvertisement 6<\/p>\n\n\n\n\nThis advertisement has not loaded yet, but your article continues below.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n\nArticle content<\/p>\nSome dealerships in Canada are building up inventory now, which will provide a cushion against price increases for a period of time since those vehicles will not be affected by tariffs if they are imported before they go into effect.<\/p>\n\u201cIt\u2019s pretty clear what\u2019s going on,\u201d said Akyruek, who added that rises in price at this point \u201care inevitable.\u201d<\/p>\n\nRecommended from Editorial<\/p>\n<\/p>\n\n <\/picture>\nEV skepticism builds amid tariff threats, headwinds<\/span><\/p>\n<\/li>\n <\/picture>\nCanadian auto parts stocks thrown into tailspin by tariff woes<\/span><\/p>\n<\/li>\n <\/picture>\nWhy Trump tariffs are a bigger threat to Stellantis<\/span><\/p>\n<\/li>\n<\/ol>\n<\/section>\n\u2022 Email: gfriedman@postmedia.com<\/em><\/p>\nBookmark our website and support our journalism:<\/strong> Don\u2019t miss the business news you need to know \u2014 add financialpost.com to your bookmarks and sign up for our newsletters here.<\/em><\/p>\n<\/section>\n\nArticle content<\/p>\n<\/section>\n\nShare this article in your social network<\/p>\n<\/section>\n<\/div>\n\nAuto prices already rising as tariffs loom<\/a>\n2025-03-19 16:35:41<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Breadcrumb Trail Links News Economy Transportation Autos Analysts see 50% chance that tariff turmoil could last for months, slowing production of some vehicles Get the latest from Gabriel Friedman straight…<\/p>\n","protected":false},"author":2,"featured_media":57573,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[31],"tags":[],"class_list":{"0":"post-57572","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy"},"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/57572","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=57572"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/57572\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/57573"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=57572"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=57572"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=57572"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
Article content<\/p>\n
\u201cThe first economic effect we\u2019ll see, and it\u2019s a major one, is on car prices,\u201d Charles Bernard, lead economist at the Canadian Automobile Dealers Association, said. \u201cAnd our car prices aren\u2019t necessarily cheap right now at the moment, so it won\u2019t help something that was already a problem.\u201d<\/p>\n<\/section>\n
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or<\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n\nArticle content<\/p>\nIt all comes as a gut punch to some who believed the auto industry was just returning to a healthy state.<\/p>\nThe auto sector had been hit hard by inflation, with the average price of a new car in Canada rising 43.2 per cent between 2019 and 2025, and used car prices rose 39.5 per cent during the same timeframe, according to data from AutoTrader.com Inc., the vehicle marketplace. But in 2024, the average used car price declined by 12.1 per cent.<\/p>\nExactly how much car prices could rise again thanks to the latest tariffs is difficult to predict. J.D. Power earlier this month estimated that 25 per cent U.S. tariffs and counter-tariffs could add $6,000 to the price of a new vehicle, which is a 9.2 per cent increase given that the average new vehicle in Canada costs $64,600, according to Autotrader.<\/p>\nBut nearly everyone agrees that estimate is only a rough guess and there are many factors at play.<\/p>\nJust two months into office, the Trump administration has unleashed a barrage of tariffs, threatened tariffs and reprieves that even economists are having a hard time keeping track of, let alone making sense of their combined impacts on the auto sector.<\/p>\n<\/section>\n\n\n\n\n<\/div>\n\nTop Stories<\/p>\nGet the latest headlines, breaking news and columns.<\/p>\n<\/div>\n<\/div>\n\n\nBy signing up you consent to receive the above newsletter from Postmedia Network Inc.<\/p>\n<\/div>\n\nThanks for signing up!<\/p>\nA welcome email is on its way. If you don’t see it, please check your junk folder.<\/p>\nThe next issue of Top Stories will soon be in your inbox.<\/p>\n<\/div>\nWe encountered an issue signing you up. Please try again<\/p>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n\nArticle content<\/p>\n<\/section>\n\n\nAdvertisement 3<\/p>\n\n\n\n\nThis advertisement has not loaded yet, but your article continues below.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n\nArticle content<\/p>\nAt the beginning of March, the U.S. enacted 25 per cent tariffs on all Canadian goods that are not compliant with the Canada-United-States-Mexico Agreement (CUSMA), which could affect some auto parts manufactured here, though most vehicles are believed to be compliant. It also levied 25 per cent tariffs on Canadian steel and aluminum, both of which are large inputs for vehicles.<\/p>\nTrump has further signalled that he plans to enact 25 per cent tariffs on April 2 on autos and additional 25 per cent \u201creciprocal\u201c tariffs on a sweeping set of goods, which would in effect match any costs that U.S. exporters face, such as goods and services taxes, that are not generally considered as trade duties.<\/p>\nAnalysts at S&P Global Mobility are predicting a 50 per cent probability of there being \u201can extended disruption\u201d \u2014 one that lasts 16 weeks to 20 weeks \u2014 when vehicles that are more exposed to tariffs will slow or cease production.<\/p>\n\u201cConsumers will face rising costs on all goods, reducing available funds and willingness and ability for purchasing durable goods,\u201d Stephanie Brinley, associate director of autoIntelligence at S&P, said in a note on March 12. \u201cWe expect product development delays to have lasting effects into future years.\u201d<\/p>\n<\/section>\n\n\nAdvertisement 4<\/p>\n\n\n\n\nThis advertisement has not loaded yet, but your article continues below.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n\nArticle content<\/p>\nShe said one \u201cmore dire scenario,\u201d in which tariffs on vehicles produced in Canada and Mexico are integrated into the long-term trade structure on a permanent basis, has a 20 per cent probability of happening. Although this could increase U.S. manufacturing, she said it would increase costs and likely lead to a decline in vehicle sales.<\/p>\nBrinley gives a 30 per cent probability for a \u201cquick resolution\u201d and tariffs disappearing in a month or less, but this would still lead to lower production due to supply chain issues and border gridlock.<\/p>\nEventually, many economists say the tariffs could lead to inflation or a recession, which will affect interest rates and consumer behaviour, including whether to purchase a vehicle.<\/p>\n\u201cWith these tariffs in place, we would expect to see vehicle sales in these countries contract substantially,\u201d Andrew Foran, an economist at TD Economics, said in a Jan. 28 note.<\/p>\nEven 10 per cent tariffs could lead to a sales decline of light vehicles in Canada of around eight per cent, while a 25 per cent tariff could push the decline to around 13 per cent, he said.<\/p>\n<\/section>\n\n\nAdvertisement 5<\/p>\n\n\n\n\nThis advertisement has not loaded yet, but your article continues below.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n\nArticle content<\/p>\nSince tariffs raise prices for consumers and businesses, people will have less money to spend and economic growth will weaken, Foran said. That leads to higher unemployment and stagflation, which is weak growth and high inflation combined.<\/p>\n\u201cWe were so close to normalcy,\u201d Baris Akyurek, vice-president of insights and intelligence at AutoTrader, said. \u201cEverything was coming down, the demand was there, the supply was there, we were really close to normalcy and then this stuff happened.\u201d<\/p>\nHe said used car prices are an important indicator because it\u2019s the marketplace that absorbs demand when new car prices rise.<\/p>\nTypically, he said, used car prices start the year high and then decline, but used car prices have risen 0.4 per cent so far in March.<\/p>\n\u201cIt\u2019s not by much yet, and it\u2019s only 16 days of data, so this is not conclusive, but prices had been coming down,\u201d Akyurek said.<\/p>\nOn the other hand, the average price of a new vehicle declined by 0.2 per cent.<\/p>\nBut he said there are other troubling signs in the marketplace. Sellers have stopped dropping their prices as often this year, with a 22 per cent year-over-year decline in the number of price drops amongst all vehicles listed on AutoTrader.<\/p>\n<\/section>\n\n\nAdvertisement 6<\/p>\n\n\n\n\nThis advertisement has not loaded yet, but your article continues below.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n\nArticle content<\/p>\nSome dealerships in Canada are building up inventory now, which will provide a cushion against price increases for a period of time since those vehicles will not be affected by tariffs if they are imported before they go into effect.<\/p>\n\u201cIt\u2019s pretty clear what\u2019s going on,\u201d said Akyruek, who added that rises in price at this point \u201care inevitable.\u201d<\/p>\n\nRecommended from Editorial<\/p>\n<\/p>\n\n <\/picture>\nEV skepticism builds amid tariff threats, headwinds<\/span><\/p>\n<\/li>\n <\/picture>\nCanadian auto parts stocks thrown into tailspin by tariff woes<\/span><\/p>\n<\/li>\n <\/picture>\nWhy Trump tariffs are a bigger threat to Stellantis<\/span><\/p>\n<\/li>\n<\/ol>\n<\/section>\n\u2022 Email: gfriedman@postmedia.com<\/em><\/p>\nBookmark our website and support our journalism:<\/strong> Don\u2019t miss the business news you need to know \u2014 add financialpost.com to your bookmarks and sign up for our newsletters here.<\/em><\/p>\n<\/section>\n\nArticle content<\/p>\n<\/section>\n\nShare this article in your social network<\/p>\n<\/section>\n<\/div>\n\nAuto prices already rising as tariffs loom<\/a>\n2025-03-19 16:35:41<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Breadcrumb Trail Links News Economy Transportation Autos Analysts see 50% chance that tariff turmoil could last for months, slowing production of some vehicles Get the latest from Gabriel Friedman straight…<\/p>\n","protected":false},"author":2,"featured_media":57573,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[31],"tags":[],"class_list":{"0":"post-57572","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy"},"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/57572","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=57572"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/57572\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/57573"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=57572"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=57572"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=57572"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
It all comes as a gut punch to some who believed the auto industry was just returning to a healthy state.<\/p>\n
The auto sector had been hit hard by inflation, with the average price of a new car in Canada rising 43.2 per cent between 2019 and 2025, and used car prices rose 39.5 per cent during the same timeframe, according to data from AutoTrader.com Inc., the vehicle marketplace. But in 2024, the average used car price declined by 12.1 per cent.<\/p>\n
Exactly how much car prices could rise again thanks to the latest tariffs is difficult to predict. J.D. Power earlier this month estimated that 25 per cent U.S. tariffs and counter-tariffs could add $6,000 to the price of a new vehicle, which is a 9.2 per cent increase given that the average new vehicle in Canada costs $64,600, according to Autotrader.<\/p>\n
But nearly everyone agrees that estimate is only a rough guess and there are many factors at play.<\/p>\n
Just two months into office, the Trump administration has unleashed a barrage of tariffs, threatened tariffs and reprieves that even economists are having a hard time keeping track of, let alone making sense of their combined impacts on the auto sector.<\/p>\n<\/section>\n
Top Stories<\/p>\n
Get the latest headlines, breaking news and columns.<\/p>\n<\/div>\n<\/div>\n
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We encountered an issue signing you up. Please try again<\/p>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n\nArticle content<\/p>\n<\/section>\n\n\nAdvertisement 3<\/p>\n\n\n\n\nThis advertisement has not loaded yet, but your article continues below.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n\nArticle content<\/p>\nAt the beginning of March, the U.S. enacted 25 per cent tariffs on all Canadian goods that are not compliant with the Canada-United-States-Mexico Agreement (CUSMA), which could affect some auto parts manufactured here, though most vehicles are believed to be compliant. It also levied 25 per cent tariffs on Canadian steel and aluminum, both of which are large inputs for vehicles.<\/p>\nTrump has further signalled that he plans to enact 25 per cent tariffs on April 2 on autos and additional 25 per cent \u201creciprocal\u201c tariffs on a sweeping set of goods, which would in effect match any costs that U.S. exporters face, such as goods and services taxes, that are not generally considered as trade duties.<\/p>\nAnalysts at S&P Global Mobility are predicting a 50 per cent probability of there being \u201can extended disruption\u201d \u2014 one that lasts 16 weeks to 20 weeks \u2014 when vehicles that are more exposed to tariffs will slow or cease production.<\/p>\n\u201cConsumers will face rising costs on all goods, reducing available funds and willingness and ability for purchasing durable goods,\u201d Stephanie Brinley, associate director of autoIntelligence at S&P, said in a note on March 12. \u201cWe expect product development delays to have lasting effects into future years.\u201d<\/p>\n<\/section>\n\n\nAdvertisement 4<\/p>\n\n\n\n\nThis advertisement has not loaded yet, but your article continues below.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n\nArticle content<\/p>\nShe said one \u201cmore dire scenario,\u201d in which tariffs on vehicles produced in Canada and Mexico are integrated into the long-term trade structure on a permanent basis, has a 20 per cent probability of happening. Although this could increase U.S. manufacturing, she said it would increase costs and likely lead to a decline in vehicle sales.<\/p>\nBrinley gives a 30 per cent probability for a \u201cquick resolution\u201d and tariffs disappearing in a month or less, but this would still lead to lower production due to supply chain issues and border gridlock.<\/p>\nEventually, many economists say the tariffs could lead to inflation or a recession, which will affect interest rates and consumer behaviour, including whether to purchase a vehicle.<\/p>\n\u201cWith these tariffs in place, we would expect to see vehicle sales in these countries contract substantially,\u201d Andrew Foran, an economist at TD Economics, said in a Jan. 28 note.<\/p>\nEven 10 per cent tariffs could lead to a sales decline of light vehicles in Canada of around eight per cent, while a 25 per cent tariff could push the decline to around 13 per cent, he said.<\/p>\n<\/section>\n\n\nAdvertisement 5<\/p>\n\n\n\n\nThis advertisement has not loaded yet, but your article continues below.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n\nArticle content<\/p>\nSince tariffs raise prices for consumers and businesses, people will have less money to spend and economic growth will weaken, Foran said. That leads to higher unemployment and stagflation, which is weak growth and high inflation combined.<\/p>\n\u201cWe were so close to normalcy,\u201d Baris Akyurek, vice-president of insights and intelligence at AutoTrader, said. \u201cEverything was coming down, the demand was there, the supply was there, we were really close to normalcy and then this stuff happened.\u201d<\/p>\nHe said used car prices are an important indicator because it\u2019s the marketplace that absorbs demand when new car prices rise.<\/p>\nTypically, he said, used car prices start the year high and then decline, but used car prices have risen 0.4 per cent so far in March.<\/p>\n\u201cIt\u2019s not by much yet, and it\u2019s only 16 days of data, so this is not conclusive, but prices had been coming down,\u201d Akyurek said.<\/p>\nOn the other hand, the average price of a new vehicle declined by 0.2 per cent.<\/p>\nBut he said there are other troubling signs in the marketplace. Sellers have stopped dropping their prices as often this year, with a 22 per cent year-over-year decline in the number of price drops amongst all vehicles listed on AutoTrader.<\/p>\n<\/section>\n\n\nAdvertisement 6<\/p>\n\n\n\n\nThis advertisement has not loaded yet, but your article continues below.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n\nArticle content<\/p>\nSome dealerships in Canada are building up inventory now, which will provide a cushion against price increases for a period of time since those vehicles will not be affected by tariffs if they are imported before they go into effect.<\/p>\n\u201cIt\u2019s pretty clear what\u2019s going on,\u201d said Akyruek, who added that rises in price at this point \u201care inevitable.\u201d<\/p>\n\nRecommended from Editorial<\/p>\n<\/p>\n\n <\/picture>\nEV skepticism builds amid tariff threats, headwinds<\/span><\/p>\n<\/li>\n <\/picture>\nCanadian auto parts stocks thrown into tailspin by tariff woes<\/span><\/p>\n<\/li>\n <\/picture>\nWhy Trump tariffs are a bigger threat to Stellantis<\/span><\/p>\n<\/li>\n<\/ol>\n<\/section>\n\u2022 Email: gfriedman@postmedia.com<\/em><\/p>\nBookmark our website and support our journalism:<\/strong> Don\u2019t miss the business news you need to know \u2014 add financialpost.com to your bookmarks and sign up for our newsletters here.<\/em><\/p>\n<\/section>\n\nArticle content<\/p>\n<\/section>\n\nShare this article in your social network<\/p>\n<\/section>\n<\/div>\n\nAuto prices already rising as tariffs loom<\/a>\n2025-03-19 16:35:41<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Breadcrumb Trail Links News Economy Transportation Autos Analysts see 50% chance that tariff turmoil could last for months, slowing production of some vehicles Get the latest from Gabriel Friedman straight…<\/p>\n","protected":false},"author":2,"featured_media":57573,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[31],"tags":[],"class_list":{"0":"post-57572","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy"},"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/57572","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=57572"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/57572\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/57573"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=57572"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=57572"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=57572"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
Article content<\/p>\n<\/section>\n
Advertisement 3<\/p>\n
This advertisement has not loaded yet, but your article continues below.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n\nArticle content<\/p>\nAt the beginning of March, the U.S. enacted 25 per cent tariffs on all Canadian goods that are not compliant with the Canada-United-States-Mexico Agreement (CUSMA), which could affect some auto parts manufactured here, though most vehicles are believed to be compliant. It also levied 25 per cent tariffs on Canadian steel and aluminum, both of which are large inputs for vehicles.<\/p>\nTrump has further signalled that he plans to enact 25 per cent tariffs on April 2 on autos and additional 25 per cent \u201creciprocal\u201c tariffs on a sweeping set of goods, which would in effect match any costs that U.S. exporters face, such as goods and services taxes, that are not generally considered as trade duties.<\/p>\nAnalysts at S&P Global Mobility are predicting a 50 per cent probability of there being \u201can extended disruption\u201d \u2014 one that lasts 16 weeks to 20 weeks \u2014 when vehicles that are more exposed to tariffs will slow or cease production.<\/p>\n\u201cConsumers will face rising costs on all goods, reducing available funds and willingness and ability for purchasing durable goods,\u201d Stephanie Brinley, associate director of autoIntelligence at S&P, said in a note on March 12. \u201cWe expect product development delays to have lasting effects into future years.\u201d<\/p>\n<\/section>\n\n\nAdvertisement 4<\/p>\n\n\n\n\nThis advertisement has not loaded yet, but your article continues below.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n\nArticle content<\/p>\nShe said one \u201cmore dire scenario,\u201d in which tariffs on vehicles produced in Canada and Mexico are integrated into the long-term trade structure on a permanent basis, has a 20 per cent probability of happening. Although this could increase U.S. manufacturing, she said it would increase costs and likely lead to a decline in vehicle sales.<\/p>\nBrinley gives a 30 per cent probability for a \u201cquick resolution\u201d and tariffs disappearing in a month or less, but this would still lead to lower production due to supply chain issues and border gridlock.<\/p>\nEventually, many economists say the tariffs could lead to inflation or a recession, which will affect interest rates and consumer behaviour, including whether to purchase a vehicle.<\/p>\n\u201cWith these tariffs in place, we would expect to see vehicle sales in these countries contract substantially,\u201d Andrew Foran, an economist at TD Economics, said in a Jan. 28 note.<\/p>\nEven 10 per cent tariffs could lead to a sales decline of light vehicles in Canada of around eight per cent, while a 25 per cent tariff could push the decline to around 13 per cent, he said.<\/p>\n<\/section>\n\n\nAdvertisement 5<\/p>\n\n\n\n\nThis advertisement has not loaded yet, but your article continues below.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n\nArticle content<\/p>\nSince tariffs raise prices for consumers and businesses, people will have less money to spend and economic growth will weaken, Foran said. That leads to higher unemployment and stagflation, which is weak growth and high inflation combined.<\/p>\n\u201cWe were so close to normalcy,\u201d Baris Akyurek, vice-president of insights and intelligence at AutoTrader, said. \u201cEverything was coming down, the demand was there, the supply was there, we were really close to normalcy and then this stuff happened.\u201d<\/p>\nHe said used car prices are an important indicator because it\u2019s the marketplace that absorbs demand when new car prices rise.<\/p>\nTypically, he said, used car prices start the year high and then decline, but used car prices have risen 0.4 per cent so far in March.<\/p>\n\u201cIt\u2019s not by much yet, and it\u2019s only 16 days of data, so this is not conclusive, but prices had been coming down,\u201d Akyurek said.<\/p>\nOn the other hand, the average price of a new vehicle declined by 0.2 per cent.<\/p>\nBut he said there are other troubling signs in the marketplace. Sellers have stopped dropping their prices as often this year, with a 22 per cent year-over-year decline in the number of price drops amongst all vehicles listed on AutoTrader.<\/p>\n<\/section>\n\n\nAdvertisement 6<\/p>\n\n\n\n\nThis advertisement has not loaded yet, but your article continues below.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n\nArticle content<\/p>\nSome dealerships in Canada are building up inventory now, which will provide a cushion against price increases for a period of time since those vehicles will not be affected by tariffs if they are imported before they go into effect.<\/p>\n\u201cIt\u2019s pretty clear what\u2019s going on,\u201d said Akyruek, who added that rises in price at this point \u201care inevitable.\u201d<\/p>\n\nRecommended from Editorial<\/p>\n<\/p>\n\n <\/picture>\nEV skepticism builds amid tariff threats, headwinds<\/span><\/p>\n<\/li>\n <\/picture>\nCanadian auto parts stocks thrown into tailspin by tariff woes<\/span><\/p>\n<\/li>\n <\/picture>\nWhy Trump tariffs are a bigger threat to Stellantis<\/span><\/p>\n<\/li>\n<\/ol>\n<\/section>\n\u2022 Email: gfriedman@postmedia.com<\/em><\/p>\nBookmark our website and support our journalism:<\/strong> Don\u2019t miss the business news you need to know \u2014 add financialpost.com to your bookmarks and sign up for our newsletters here.<\/em><\/p>\n<\/section>\n\nArticle content<\/p>\n<\/section>\n\nShare this article in your social network<\/p>\n<\/section>\n<\/div>\n\nAuto prices already rising as tariffs loom<\/a>\n2025-03-19 16:35:41<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Breadcrumb Trail Links News Economy Transportation Autos Analysts see 50% chance that tariff turmoil could last for months, slowing production of some vehicles Get the latest from Gabriel Friedman straight…<\/p>\n","protected":false},"author":2,"featured_media":57573,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[31],"tags":[],"class_list":{"0":"post-57572","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy"},"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/57572","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=57572"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/57572\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/57573"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=57572"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=57572"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=57572"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
At the beginning of March, the U.S. enacted 25 per cent tariffs on all Canadian goods that are not compliant with the Canada-United-States-Mexico Agreement (CUSMA), which could affect some auto parts manufactured here, though most vehicles are believed to be compliant. It also levied 25 per cent tariffs on Canadian steel and aluminum, both of which are large inputs for vehicles.<\/p>\n
Trump has further signalled that he plans to enact 25 per cent tariffs on April 2 on autos and additional 25 per cent \u201creciprocal\u201c tariffs on a sweeping set of goods, which would in effect match any costs that U.S. exporters face, such as goods and services taxes, that are not generally considered as trade duties.<\/p>\n
Analysts at S&P Global Mobility are predicting a 50 per cent probability of there being \u201can extended disruption\u201d \u2014 one that lasts 16 weeks to 20 weeks \u2014 when vehicles that are more exposed to tariffs will slow or cease production.<\/p>\n
\u201cConsumers will face rising costs on all goods, reducing available funds and willingness and ability for purchasing durable goods,\u201d Stephanie Brinley, associate director of autoIntelligence at S&P, said in a note on March 12. \u201cWe expect product development delays to have lasting effects into future years.\u201d<\/p>\n<\/section>\n
Advertisement 4<\/p>\n
This advertisement has not loaded yet, but your article continues below.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n\nArticle content<\/p>\nShe said one \u201cmore dire scenario,\u201d in which tariffs on vehicles produced in Canada and Mexico are integrated into the long-term trade structure on a permanent basis, has a 20 per cent probability of happening. Although this could increase U.S. manufacturing, she said it would increase costs and likely lead to a decline in vehicle sales.<\/p>\nBrinley gives a 30 per cent probability for a \u201cquick resolution\u201d and tariffs disappearing in a month or less, but this would still lead to lower production due to supply chain issues and border gridlock.<\/p>\nEventually, many economists say the tariffs could lead to inflation or a recession, which will affect interest rates and consumer behaviour, including whether to purchase a vehicle.<\/p>\n\u201cWith these tariffs in place, we would expect to see vehicle sales in these countries contract substantially,\u201d Andrew Foran, an economist at TD Economics, said in a Jan. 28 note.<\/p>\nEven 10 per cent tariffs could lead to a sales decline of light vehicles in Canada of around eight per cent, while a 25 per cent tariff could push the decline to around 13 per cent, he said.<\/p>\n<\/section>\n\n\nAdvertisement 5<\/p>\n\n\n\n\nThis advertisement has not loaded yet, but your article continues below.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n\nArticle content<\/p>\nSince tariffs raise prices for consumers and businesses, people will have less money to spend and economic growth will weaken, Foran said. That leads to higher unemployment and stagflation, which is weak growth and high inflation combined.<\/p>\n\u201cWe were so close to normalcy,\u201d Baris Akyurek, vice-president of insights and intelligence at AutoTrader, said. \u201cEverything was coming down, the demand was there, the supply was there, we were really close to normalcy and then this stuff happened.\u201d<\/p>\nHe said used car prices are an important indicator because it\u2019s the marketplace that absorbs demand when new car prices rise.<\/p>\nTypically, he said, used car prices start the year high and then decline, but used car prices have risen 0.4 per cent so far in March.<\/p>\n\u201cIt\u2019s not by much yet, and it\u2019s only 16 days of data, so this is not conclusive, but prices had been coming down,\u201d Akyurek said.<\/p>\nOn the other hand, the average price of a new vehicle declined by 0.2 per cent.<\/p>\nBut he said there are other troubling signs in the marketplace. Sellers have stopped dropping their prices as often this year, with a 22 per cent year-over-year decline in the number of price drops amongst all vehicles listed on AutoTrader.<\/p>\n<\/section>\n\n\nAdvertisement 6<\/p>\n\n\n\n\nThis advertisement has not loaded yet, but your article continues below.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n\nArticle content<\/p>\nSome dealerships in Canada are building up inventory now, which will provide a cushion against price increases for a period of time since those vehicles will not be affected by tariffs if they are imported before they go into effect.<\/p>\n\u201cIt\u2019s pretty clear what\u2019s going on,\u201d said Akyruek, who added that rises in price at this point \u201care inevitable.\u201d<\/p>\n\nRecommended from Editorial<\/p>\n<\/p>\n\n <\/picture>\nEV skepticism builds amid tariff threats, headwinds<\/span><\/p>\n<\/li>\n <\/picture>\nCanadian auto parts stocks thrown into tailspin by tariff woes<\/span><\/p>\n<\/li>\n <\/picture>\nWhy Trump tariffs are a bigger threat to Stellantis<\/span><\/p>\n<\/li>\n<\/ol>\n<\/section>\n\u2022 Email: gfriedman@postmedia.com<\/em><\/p>\nBookmark our website and support our journalism:<\/strong> Don\u2019t miss the business news you need to know \u2014 add financialpost.com to your bookmarks and sign up for our newsletters here.<\/em><\/p>\n<\/section>\n\nArticle content<\/p>\n<\/section>\n\nShare this article in your social network<\/p>\n<\/section>\n<\/div>\n\nAuto prices already rising as tariffs loom<\/a>\n2025-03-19 16:35:41<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Breadcrumb Trail Links News Economy Transportation Autos Analysts see 50% chance that tariff turmoil could last for months, slowing production of some vehicles Get the latest from Gabriel Friedman straight…<\/p>\n","protected":false},"author":2,"featured_media":57573,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[31],"tags":[],"class_list":{"0":"post-57572","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy"},"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/57572","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=57572"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/57572\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/57573"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=57572"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=57572"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=57572"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
She said one \u201cmore dire scenario,\u201d in which tariffs on vehicles produced in Canada and Mexico are integrated into the long-term trade structure on a permanent basis, has a 20 per cent probability of happening. Although this could increase U.S. manufacturing, she said it would increase costs and likely lead to a decline in vehicle sales.<\/p>\n
Brinley gives a 30 per cent probability for a \u201cquick resolution\u201d and tariffs disappearing in a month or less, but this would still lead to lower production due to supply chain issues and border gridlock.<\/p>\n
Eventually, many economists say the tariffs could lead to inflation or a recession, which will affect interest rates and consumer behaviour, including whether to purchase a vehicle.<\/p>\n
\u201cWith these tariffs in place, we would expect to see vehicle sales in these countries contract substantially,\u201d Andrew Foran, an economist at TD Economics, said in a Jan. 28 note.<\/p>\n
Even 10 per cent tariffs could lead to a sales decline of light vehicles in Canada of around eight per cent, while a 25 per cent tariff could push the decline to around 13 per cent, he said.<\/p>\n<\/section>\n
Advertisement 5<\/p>\n
This advertisement has not loaded yet, but your article continues below.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n\nArticle content<\/p>\nSince tariffs raise prices for consumers and businesses, people will have less money to spend and economic growth will weaken, Foran said. That leads to higher unemployment and stagflation, which is weak growth and high inflation combined.<\/p>\n\u201cWe were so close to normalcy,\u201d Baris Akyurek, vice-president of insights and intelligence at AutoTrader, said. \u201cEverything was coming down, the demand was there, the supply was there, we were really close to normalcy and then this stuff happened.\u201d<\/p>\nHe said used car prices are an important indicator because it\u2019s the marketplace that absorbs demand when new car prices rise.<\/p>\nTypically, he said, used car prices start the year high and then decline, but used car prices have risen 0.4 per cent so far in March.<\/p>\n\u201cIt\u2019s not by much yet, and it\u2019s only 16 days of data, so this is not conclusive, but prices had been coming down,\u201d Akyurek said.<\/p>\nOn the other hand, the average price of a new vehicle declined by 0.2 per cent.<\/p>\nBut he said there are other troubling signs in the marketplace. Sellers have stopped dropping their prices as often this year, with a 22 per cent year-over-year decline in the number of price drops amongst all vehicles listed on AutoTrader.<\/p>\n<\/section>\n\n\nAdvertisement 6<\/p>\n\n\n\n\nThis advertisement has not loaded yet, but your article continues below.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n\nArticle content<\/p>\nSome dealerships in Canada are building up inventory now, which will provide a cushion against price increases for a period of time since those vehicles will not be affected by tariffs if they are imported before they go into effect.<\/p>\n\u201cIt\u2019s pretty clear what\u2019s going on,\u201d said Akyruek, who added that rises in price at this point \u201care inevitable.\u201d<\/p>\n\nRecommended from Editorial<\/p>\n<\/p>\n\n <\/picture>\nEV skepticism builds amid tariff threats, headwinds<\/span><\/p>\n<\/li>\n <\/picture>\nCanadian auto parts stocks thrown into tailspin by tariff woes<\/span><\/p>\n<\/li>\n <\/picture>\nWhy Trump tariffs are a bigger threat to Stellantis<\/span><\/p>\n<\/li>\n<\/ol>\n<\/section>\n\u2022 Email: gfriedman@postmedia.com<\/em><\/p>\nBookmark our website and support our journalism:<\/strong> Don\u2019t miss the business news you need to know \u2014 add financialpost.com to your bookmarks and sign up for our newsletters here.<\/em><\/p>\n<\/section>\n\nArticle content<\/p>\n<\/section>\n\nShare this article in your social network<\/p>\n<\/section>\n<\/div>\n\nAuto prices already rising as tariffs loom<\/a>\n2025-03-19 16:35:41<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Breadcrumb Trail Links News Economy Transportation Autos Analysts see 50% chance that tariff turmoil could last for months, slowing production of some vehicles Get the latest from Gabriel Friedman straight…<\/p>\n","protected":false},"author":2,"featured_media":57573,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[31],"tags":[],"class_list":{"0":"post-57572","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy"},"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/57572","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=57572"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/57572\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/57573"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=57572"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=57572"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=57572"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
Since tariffs raise prices for consumers and businesses, people will have less money to spend and economic growth will weaken, Foran said. That leads to higher unemployment and stagflation, which is weak growth and high inflation combined.<\/p>\n
\u201cWe were so close to normalcy,\u201d Baris Akyurek, vice-president of insights and intelligence at AutoTrader, said. \u201cEverything was coming down, the demand was there, the supply was there, we were really close to normalcy and then this stuff happened.\u201d<\/p>\n
He said used car prices are an important indicator because it\u2019s the marketplace that absorbs demand when new car prices rise.<\/p>\n
Typically, he said, used car prices start the year high and then decline, but used car prices have risen 0.4 per cent so far in March.<\/p>\n
\u201cIt\u2019s not by much yet, and it\u2019s only 16 days of data, so this is not conclusive, but prices had been coming down,\u201d Akyurek said.<\/p>\n
On the other hand, the average price of a new vehicle declined by 0.2 per cent.<\/p>\n
But he said there are other troubling signs in the marketplace. Sellers have stopped dropping their prices as often this year, with a 22 per cent year-over-year decline in the number of price drops amongst all vehicles listed on AutoTrader.<\/p>\n<\/section>\n
Advertisement 6<\/p>\n
This advertisement has not loaded yet, but your article continues below.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n\nArticle content<\/p>\nSome dealerships in Canada are building up inventory now, which will provide a cushion against price increases for a period of time since those vehicles will not be affected by tariffs if they are imported before they go into effect.<\/p>\n\u201cIt\u2019s pretty clear what\u2019s going on,\u201d said Akyruek, who added that rises in price at this point \u201care inevitable.\u201d<\/p>\n\nRecommended from Editorial<\/p>\n<\/p>\n\n <\/picture>\nEV skepticism builds amid tariff threats, headwinds<\/span><\/p>\n<\/li>\n <\/picture>\nCanadian auto parts stocks thrown into tailspin by tariff woes<\/span><\/p>\n<\/li>\n <\/picture>\nWhy Trump tariffs are a bigger threat to Stellantis<\/span><\/p>\n<\/li>\n<\/ol>\n<\/section>\n\u2022 Email: gfriedman@postmedia.com<\/em><\/p>\nBookmark our website and support our journalism:<\/strong> Don\u2019t miss the business news you need to know \u2014 add financialpost.com to your bookmarks and sign up for our newsletters here.<\/em><\/p>\n<\/section>\n\nArticle content<\/p>\n<\/section>\n\nShare this article in your social network<\/p>\n<\/section>\n<\/div>\n\nAuto prices already rising as tariffs loom<\/a>\n2025-03-19 16:35:41<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Breadcrumb Trail Links News Economy Transportation Autos Analysts see 50% chance that tariff turmoil could last for months, slowing production of some vehicles Get the latest from Gabriel Friedman straight…<\/p>\n","protected":false},"author":2,"featured_media":57573,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[31],"tags":[],"class_list":{"0":"post-57572","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy"},"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/57572","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=57572"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/57572\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/57573"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=57572"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=57572"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=57572"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
Some dealerships in Canada are building up inventory now, which will provide a cushion against price increases for a period of time since those vehicles will not be affected by tariffs if they are imported before they go into effect.<\/p>\n
\u201cIt\u2019s pretty clear what\u2019s going on,\u201d said Akyruek, who added that rises in price at this point \u201care inevitable.\u201d<\/p>\n\nRecommended from Editorial<\/p>\n<\/p>\n\n <\/picture>\nEV skepticism builds amid tariff threats, headwinds<\/span><\/p>\n<\/li>\n <\/picture>\nCanadian auto parts stocks thrown into tailspin by tariff woes<\/span><\/p>\n<\/li>\n <\/picture>\nWhy Trump tariffs are a bigger threat to Stellantis<\/span><\/p>\n<\/li>\n<\/ol>\n<\/section>\n\u2022 Email: gfriedman@postmedia.com<\/em><\/p>\nBookmark our website and support our journalism:<\/strong> Don\u2019t miss the business news you need to know \u2014 add financialpost.com to your bookmarks and sign up for our newsletters here.<\/em><\/p>\n<\/section>\n\nArticle content<\/p>\n<\/section>\n\nShare this article in your social network<\/p>\n<\/section>\n<\/div>\n\nAuto prices already rising as tariffs loom<\/a>\n2025-03-19 16:35:41<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Breadcrumb Trail Links News Economy Transportation Autos Analysts see 50% chance that tariff turmoil could last for months, slowing production of some vehicles Get the latest from Gabriel Friedman straight…<\/p>\n","protected":false},"author":2,"featured_media":57573,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[31],"tags":[],"class_list":{"0":"post-57572","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy"},"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/57572","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=57572"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/57572\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/57573"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=57572"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=57572"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=57572"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
Recommended from Editorial<\/p>\n
<\/p>\n\n <\/picture>\nEV skepticism builds amid tariff threats, headwinds<\/span><\/p>\n<\/li>\n <\/picture>\nCanadian auto parts stocks thrown into tailspin by tariff woes<\/span><\/p>\n<\/li>\n <\/picture>\nWhy Trump tariffs are a bigger threat to Stellantis<\/span><\/p>\n<\/li>\n<\/ol>\n<\/section>\n\u2022 Email: gfriedman@postmedia.com<\/em><\/p>\nBookmark our website and support our journalism:<\/strong> Don\u2019t miss the business news you need to know \u2014 add financialpost.com to your bookmarks and sign up for our newsletters here.<\/em><\/p>\n<\/section>\n\nArticle content<\/p>\n<\/section>\n\nShare this article in your social network<\/p>\n<\/section>\n<\/div>\n\nAuto prices already rising as tariffs loom<\/a>\n2025-03-19 16:35:41<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Breadcrumb Trail Links News Economy Transportation Autos Analysts see 50% chance that tariff turmoil could last for months, slowing production of some vehicles Get the latest from Gabriel Friedman straight…<\/p>\n","protected":false},"author":2,"featured_media":57573,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[31],"tags":[],"class_list":{"0":"post-57572","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy"},"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/57572","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=57572"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/57572\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/57573"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=57572"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=57572"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=57572"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
EV skepticism builds amid tariff threats, headwinds<\/span><\/p>\n<\/li>\n <\/picture>\nCanadian auto parts stocks thrown into tailspin by tariff woes<\/span><\/p>\n<\/li>\n <\/picture>\nWhy Trump tariffs are a bigger threat to Stellantis<\/span><\/p>\n<\/li>\n<\/ol>\n<\/section>\n\u2022 Email: gfriedman@postmedia.com<\/em><\/p>\nBookmark our website and support our journalism:<\/strong> Don\u2019t miss the business news you need to know \u2014 add financialpost.com to your bookmarks and sign up for our newsletters here.<\/em><\/p>\n<\/section>\n\nArticle content<\/p>\n<\/section>\n\nShare this article in your social network<\/p>\n<\/section>\n<\/div>\n\nAuto prices already rising as tariffs loom<\/a>\n2025-03-19 16:35:41<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Breadcrumb Trail Links News Economy Transportation Autos Analysts see 50% chance that tariff turmoil could last for months, slowing production of some vehicles Get the latest from Gabriel Friedman straight…<\/p>\n","protected":false},"author":2,"featured_media":57573,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[31],"tags":[],"class_list":{"0":"post-57572","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy"},"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/57572","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=57572"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/57572\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/57573"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=57572"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=57572"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=57572"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
Canadian auto parts stocks thrown into tailspin by tariff woes<\/span><\/p>\n<\/li>\n <\/picture>\nWhy Trump tariffs are a bigger threat to Stellantis<\/span><\/p>\n<\/li>\n<\/ol>\n<\/section>\n\u2022 Email: gfriedman@postmedia.com<\/em><\/p>\nBookmark our website and support our journalism:<\/strong> Don\u2019t miss the business news you need to know \u2014 add financialpost.com to your bookmarks and sign up for our newsletters here.<\/em><\/p>\n<\/section>\n\nArticle content<\/p>\n<\/section>\n\nShare this article in your social network<\/p>\n<\/section>\n<\/div>\n\nAuto prices already rising as tariffs loom<\/a>\n2025-03-19 16:35:41<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Breadcrumb Trail Links News Economy Transportation Autos Analysts see 50% chance that tariff turmoil could last for months, slowing production of some vehicles Get the latest from Gabriel Friedman straight…<\/p>\n","protected":false},"author":2,"featured_media":57573,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[31],"tags":[],"class_list":{"0":"post-57572","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy"},"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/57572","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=57572"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/57572\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/57573"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=57572"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=57572"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=57572"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
Why Trump tariffs are a bigger threat to Stellantis<\/span><\/p>\n<\/li>\n<\/ol>\n<\/section>\n\u2022 Email: gfriedman@postmedia.com<\/em><\/p>\nBookmark our website and support our journalism:<\/strong> Don\u2019t miss the business news you need to know \u2014 add financialpost.com to your bookmarks and sign up for our newsletters here.<\/em><\/p>\n<\/section>\n\nArticle content<\/p>\n<\/section>\n\nShare this article in your social network<\/p>\n<\/section>\n<\/div>\n\nAuto prices already rising as tariffs loom<\/a>\n2025-03-19 16:35:41<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Breadcrumb Trail Links News Economy Transportation Autos Analysts see 50% chance that tariff turmoil could last for months, slowing production of some vehicles Get the latest from Gabriel Friedman straight…<\/p>\n","protected":false},"author":2,"featured_media":57573,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[31],"tags":[],"class_list":{"0":"post-57572","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy"},"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/57572","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=57572"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/57572\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/57573"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=57572"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=57572"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=57572"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
<\/section>\n\u2022 Email: gfriedman@postmedia.com<\/em><\/p>\nBookmark our website and support our journalism:<\/strong> Don\u2019t miss the business news you need to know \u2014 add financialpost.com to your bookmarks and sign up for our newsletters here.<\/em><\/p>\n<\/section>\n\nArticle content<\/p>\n<\/section>\n\nShare this article in your social network<\/p>\n<\/section>\n<\/div>\n\nAuto prices already rising as tariffs loom<\/a>\n2025-03-19 16:35:41<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Breadcrumb Trail Links News Economy Transportation Autos Analysts see 50% chance that tariff turmoil could last for months, slowing production of some vehicles Get the latest from Gabriel Friedman straight…<\/p>\n","protected":false},"author":2,"featured_media":57573,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[31],"tags":[],"class_list":{"0":"post-57572","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy"},"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/57572","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=57572"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/57572\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/57573"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=57572"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=57572"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=57572"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\u2022 Email: gfriedman@postmedia.com<\/em><\/p>\nBookmark our website and support our journalism:<\/strong> Don\u2019t miss the business news you need to know \u2014 add financialpost.com to your bookmarks and sign up for our newsletters here.<\/em><\/p>\n<\/section>\n\nArticle content<\/p>\n<\/section>\n\nShare this article in your social network<\/p>\n<\/section>\n<\/div>\n\nAuto prices already rising as tariffs loom<\/a>\n2025-03-19 16:35:41<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Breadcrumb Trail Links News Economy Transportation Autos Analysts see 50% chance that tariff turmoil could last for months, slowing production of some vehicles Get the latest from Gabriel Friedman straight…<\/p>\n","protected":false},"author":2,"featured_media":57573,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[31],"tags":[],"class_list":{"0":"post-57572","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy"},"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/57572","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=57572"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/57572\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/57573"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=57572"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=57572"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=57572"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
Bookmark our website and support our journalism:<\/strong> Don\u2019t miss the business news you need to know \u2014 add financialpost.com to your bookmarks and sign up for our newsletters here.<\/em><\/p>\n<\/section>\n\nArticle content<\/p>\n<\/section>\n\nShare this article in your social network<\/p>\n<\/section>\n<\/div>\n\nAuto prices already rising as tariffs loom<\/a>\n2025-03-19 16:35:41<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Breadcrumb Trail Links News Economy Transportation Autos Analysts see 50% chance that tariff turmoil could last for months, slowing production of some vehicles Get the latest from Gabriel Friedman straight…<\/p>\n","protected":false},"author":2,"featured_media":57573,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[31],"tags":[],"class_list":{"0":"post-57572","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy"},"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/57572","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=57572"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/57572\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/57573"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=57572"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=57572"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=57572"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
Article content<\/p>\n<\/section>\n\nShare this article in your social network<\/p>\n<\/section>\n<\/div>\n\nAuto prices already rising as tariffs loom<\/a>\n2025-03-19 16:35:41<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Breadcrumb Trail Links News Economy Transportation Autos Analysts see 50% chance that tariff turmoil could last for months, slowing production of some vehicles Get the latest from Gabriel Friedman straight…<\/p>\n","protected":false},"author":2,"featured_media":57573,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[31],"tags":[],"class_list":{"0":"post-57572","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy"},"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/57572","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=57572"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/57572\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/57573"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=57572"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=57572"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=57572"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
Share this article in your social network<\/p>\n<\/section>\n<\/div>\n\nAuto prices already rising as tariffs loom<\/a>\n2025-03-19 16:35:41<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"
Breadcrumb Trail Links News Economy Transportation Autos Analysts see 50% chance that tariff turmoil could last for months, slowing production of some vehicles Get the latest from Gabriel Friedman straight…<\/p>\n","protected":false},"author":2,"featured_media":57573,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[31],"tags":[],"class_list":{"0":"post-57572","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy"},"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/57572","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=57572"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/57572\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/57573"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=57572"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=57572"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=57572"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}