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Finance

Trump’s Tariffs: What a 5% or 10% Price Increase Means for 20 Popular Used Cars

Last updated: June 3, 2025 8:46 am
Oliver James
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Trump’s Tariffs: What a 5% or 10% Price Increase Means for 20 Popular Used Cars
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This might be a difficult year for those in the market for used vehicles, as prices have risen from the previous year for the first time since 2022, per iSeeCars. Specifically, in March, used car prices rose by 1% (which approximates to $317).

Contents
Chevrolet TahoeGMC Sierra 1500Ford F-150Chevrolet Silverado 1500Ram 1500Toyota HighlanderToyota TacomaFord ExplorerJeep Grand CherokeeToyota RAV4Honda CR-VChrysler PacificaMazda CX-5Honda AccordFord EdgeHyundai Santa FeGMC TerrainToyota CamryHonda CivicKia Sportage

Check Out: Here’s How Much Cars Made in the US Cost Compared to Mexico, Canada and China

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Used car prices fell just over 7% in 2024; the 1% increase in March can be seen as a stabilization of the market. President Donald Trump’s 25% tariffs on imported vehicles and parts is expected to raise car prices by 10% or more, with iSeeCars expecting to see prices of used cars jump by as much as $5,000.

So, how much more can you expect to pay for a used ride in 2025? Below are 20 of the most popular used vehicles in America, how much they cost and what 5% and 10% price increases would mean. If you’re in the market for a used car, purchasing sooner rather than later might be better.

Also see 10 cars that outlast the average vehicle.

©Chevrolet©Chevrolet
©Chevrolet

Chevrolet Tahoe

  • Average price in March 2025: $51,691

  • 5% premium: $2,585

  • 10% premium: $5,169

Discover More: 5 Reliable Used Cars Worth Buying, According to George Kamel

Explore More: Mechanics Explain Why You Should Never Buy These 6 Popular Car Brands

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©GMC©GMC
©GMC

GMC Sierra 1500

  • Average price in March 2025: $47,184

  • 5% premium: $2,359

  • 10% premium: $4,718

Also See: The 5 Car Brands Named the Least Reliable of 2025

©Ford©Ford
©Ford

Ford F-150

  • Average price in March 2025: $41,483

  • 5% premium: $2,074

  • 10% premium: $4,148

ANDREW TRAHAN PHOTOGRAPHY LLC / ChevroletANDREW TRAHAN PHOTOGRAPHY LLC / Chevrolet
ANDREW TRAHAN PHOTOGRAPHY LLC / Chevrolet

Chevrolet Silverado 1500

  • Average price in March 2025: $39,504

  • 5% premium: $1,975

  • 10% premium: $3,950

Ram 1500

  • Average price in March 2025: $38,784

  • 5% premium: $1,939

  • 10% premium: $3,878

Find More: These Cars May Seem Expensive, but They Rarely Need Repairs

©Toyota©Toyota
©Toyota

Toyota Highlander

  • Average price in March 2025: $36,035

  • 5% premium: $1,802

  • 10% premium: $3,603

Toyota Tacoma

  • Average price in March 2025: $35,496

  • 5% premium: $1,775

  • 10% premium: $3,550

©Ford©Ford
©Ford

Ford Explorer

  • Average price in March 2025: $31,046

  • 5% premium: $1,552

  • 10% premium: $3,105

For You: 12 SUVs With the Most Reliable Engines

©Stellantis Media©Stellantis Media
©Stellantis Media

Jeep Grand Cherokee

  • Average price in March 2025: $30,186

  • 5% premium: $1,509

  • 10% premium: $3,019

©Toyota©Toyota
©Toyota

Toyota RAV4

  • Average price in March 2025: $28,509

  • 5% premium: $1,425

  • 10% premium: $2,851

©Honda©Honda
©Honda

Honda CR-V

  • Average price in March 2025: $27,793

  • 5% premium: $1,390

  • 10% premium: $2,779

See More: The Best Car for Every Age Group, According to an Expert

©Stellantis North America©Stellantis North America
©Stellantis North America

Chrysler Pacifica

  • Average price in March 2025: $25,464

  • 5% premium: $1,273

  • 10% premium: $2,546

©Mazda©Mazda
©Mazda

Mazda CX-5

  • Average price in March 2025: $25,222

  • 5% premium: $1,261

  • 10% premium: $2,522

©Honda©Honda
©Honda

Honda Accord

  • Average price in March 2025: $25,013

  • 5% premium: $1,251

  • 10% premium: $2,501

Discover More: 7 SUVs To Avoid Buying in 2025

Ford Edge

  • Average price in March 2025: $24,898

  • 5% premium: $1,245

  • 10% premium: $2,490

©Hyundai©Hyundai
©Hyundai

Hyundai Santa Fe

  • Average price in March 2025: $24,629

  • 5% premium: $1,231

  • 10% premium: $2,490

©GMC©GMC
©GMC

GMC Terrain

  • Average price in March 2025: $24,563

  • 5% premium: $1,228

  • 10% premium: $2,456

Read More: These 10 Used Cars Will Last Longer Than an Average New Vehicle

©Toyota©Toyota
©Toyota

Toyota Camry

  • Average price in March 2025: $24,484

  • 5% premium: $1,224

  • 10% premium: $2,448

Honda Civic

  • Average price in March 2025: $23,265

  • 5% premium: $1,163

  • 10% premium: $2,327

Kia Sportage

  • Average price in March 2025: $23,172

  • 5% premium: $1,159

  • 10% premium: $2,317

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This article originally appeared on GOBankingRates.com: Trump’s Tariffs: What a 5% or 10% Price Increase Means for 20 Popular Used Cars

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