More Americans want to buy used cars due to tariffs

More Americans want to buy used cars due to tariffs

A new survey from auto researcher Edmunds shows 58% of respondents are more interested in buying a used car because of tariffs. Kelly O’Grady reports.

Truth Analysis

Factual Accuracy
4/5
Bias Level
3/5
Analysis Summary:

The article's main claim that more Americans are interested in buying used cars due to tariffs is supported by an Edmunds survey, though the specific percentage (58%) is not directly verifiable within the provided sources. The article exhibits a slight bias by focusing on the potential negative impact of tariffs on new car prices and the resulting shift towards used cars.

Detailed Analysis:
  • Claim:** A new survey from auto researcher Edmunds shows 58% of respondents are more interested in buying a used car because of tariffs.
    • Verification Source #1, #2, #3, #4, and #5: *Fail to cover* the specific Edmunds survey and the 58% figure. While these sources discuss the general trend of increased interest in used cars due to tariffs, none confirm the specific survey or percentage.
    • Internal Knowledge: Without access to the Edmunds survey, I cannot verify the accuracy of this specific claim. However, the general trend aligns with the information presented in the other sources.
Supporting Evidence/Contradictions:
  • The general idea that tariffs on new cars could increase demand for used cars is supported by several sources.
  • Verification Source #1: "If new car prices rise quite a bit, people will buy used cars more, which drives up the used priced due to demand."
  • Verification Source #2: "As competition for used cars increases, so could the prices paid for them."
  • Verification Source #4: "If you get more for trading in or selling your used car, it could help offset tariff-related price increases on…"
  • None of the sources contradict the claim that tariffs could lead to increased interest in used cars.
  • The specific 58% figure from the Edmunds survey remains unverified due to lack of coverage in the provided sources.