If you know you need a new car soon anyways, there’s a pretty good argument for acting as fast as you can,” says one car-buying expert.

With vehicle prices expected to rise sharply as a result of Trump's auto tariffs, many consumers are rushing to make purchases before the tariffs take effect.

New-car prices could rise from $2,500 to $20,000 under President Trump’s tariff regime, depending on where the vehicles are made and the parts that go into them, according to a new report. Michigan-ba

CBS News is tracking the already sharply rising cost of products most impacted by tariffs imposed and soon-to-be-imposed by President Trump, from the cost of common grocery items to the the purchase and operation of cars and trucks.

And while most of the vehicles Ford makes are at US plants that won’t immediately be subject to tariffs, some of the automaker’s hottest sellers in the quarter are produced outside the United States.

Volkswagen will introduce an "import fee" on vehicles affected by the 25% tariffs imposed by U.S. President Donald Trump, the Wall Street Journal reported on Wednesday.

Just after Ferrari announced it will boost its prices by 10% due to tariffs, a Wall Street firm has increased its estimate of new car price hikes.

Germany’s seaports are hoping the new US tariffs on car imports will not lead to a sharp drop in throughput. The CEO of Emder Hafenförderungsgesellschaft, Reinhard Hegewald, is worried about the changes.

President Donald Trump announced sweeping new tariffs including a baseline 10 percent tax on imports from all countries.