DETROIT - President Trump's 25% tariffs on imported cars took effect on April 3. The import tax has already triggered big moves by automakers, from layoffs to pauses in car shipments to delayed price hikes. As a result, industry analysts expect consumers to see higher car prices, and some buyers have been rushing to the
TROY - There's been a dramatic decrease in new car pricing over the last six months, led by a sharp decline in EV prices, says Michelle Krebs, Executive Analyst with Cox Automotive, the parent company of Kelly Blue Book and Autotrader. Inventories of new vehicles are up a few hundred thousand unit to around 2
TROY - Michelle Krebs, Executive Analyst with Cox Automotive, known for the AutoTrader, Kelly Blue Book, and Manheim Auto Auctions, provides details about the new EV tax credit that came out from the IRS on March 31 as authorized by the Inflation Reduction Act. The law has a long, complicated list of criteria to obtain
DETROIT - Really? The average price for a new vehicle is now a record $48,000, says Michelle Krebs, Director of Automotive Relations for AutoTrader Group, parent of AutoTrader.com and KBB.com. Based in Detroit, she provides analysis and insights on the auto industry using AutoTrader's trove of consumer and industry data. You can shop for a
ANN ARBOR - Michelle Krebs from Cox Automotive, which publishes AutoTrader.Com and KellyBlueBook.Com, joins Matt and Mike to talk about auto trends. Electric Vehicles, EVs for short, dominate automakers plans worldwide. She also discussed new and used auto prices that have soared because of supply chain problems couple with huge demand. The average new vehicle
