Vehicle Supplies Are Dwindling as People Race to Buy Everything but Teslas

Phones and electronics aren’t the only things that people are rushing to buy before the dreaded tariff tax hits, thanks to the Trump administration’s ongoing trade war with the world. According to research from Cox Automotive, the supply of new and used vehicles is starting to dwindle as consumers rush to secure a car before the price tag skyrockets. The analysis shows that the supply of new vehicles on the market, calculated by using an estimated daily sales rate, crashed from 91 days in March to just 70 days this month. The supply of used vehicles was already lower than usual, with just 43 days worth available, but that has dipped to 39 days since the tariffs took effect. That aligns with Cox’s sales data, which shows that new vehicle purchases are 22% higher than the usual pace for this time of year, and total sales are up nearly 10% on a year-to-date basis. Used vehicle sales are just a little behind, still up 7% this year compared to 2024. The vehicle supply is low despite the f ... Read full article.