If you’re thinking about buying a new car, now might be the perfect time to act. Despite recent tariffs, new vehicle prices have actually dipped — they’re down 1% from early April to the end of August, according to a recent report from CarGurus.
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“While new vehicle prices have remained surprisingly steady post-tariff, this may not last,” Kevin Roberts, director of economic and market intelligence at CarGurus, said in a media alert. “As new model year vehicles roll onto lots, we may see a strategic shift toward higher-margin vehicles and gradual price increases, which could further strain consumer budgets.”
For now, several major car brands have seen notable price drops. Here’s a look at the automakers whose average new vehicle prices fell the most between April and August.
1. Nissan
- Change in new list price pre/post-tariffs: -$3,041
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2. VW
- Change in new list price pre/post-tariffs: -$2,616
3. Mazda
- Change in new list price pre/post-tariffs: -$1,834
4. Toyota
- Change in new list price pre/post-tariffs: -$1,631
5. Daimler
- Change in new list price pre/post-tariffs: -$1,247
6. BMW
- Change in new list price pre/post-tariffs: -$1,244
7. Honda
- Change in new list price pre/post-tariffs: -$891
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This article originally appeared on GOBankingRates.com: 7 Car Brands With Lower Prices Since Spring — Is Now the Time To Buy?
