00:00It's Benzinga bringing Wall Street to Main Street.
00:02U.S. auto dealers are reporting sharp drops in new and used vehicle supplies, according to CNBC.
00:07Consumers are rushing to buy ahead of potential price hikes for President Donald Trump's new 25%
00:12tariffs on imported vehicles. New car inventory falling from a nearly 90-day supply in early
00:17March to 70 days in used car supply, dropping to 39 days, according to Cox Automotive.
00:23Days supply means how long dealers can keep selling cars at the current pace before they
00:27run out, assuming no new stock arrives. Higher than expected auto sales are helping the industry now,
00:33but analysts worry they could stall once tariff-free inventory runs out.
00:36For all things money, visit Benzinga.com slash GSTV.
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