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But its possible that some changes to the automotive industry could take place after the next presidential election.
If Donald Trump ends up back in office, some experts think that certain vehicles could fluctuate in value.
But other factors, likeinflationor interest rates, could also play a role.
This also means theyre likely to become more expensive.
Popular ICEs to consider include:
As a note, many of these automobile companies also produce hybrids.
Policies, Giranda noted, might include tax incentives that make purchasing one of these vehicles more attractive.
These brands could benefit from a favorable policy environment that supports domestic manufacturing and economic growth.
Just like with electric vehicles, doing this could potentially mean a lower price tag.
Brands likeToyota, Honda and BMW… could be affected by changes in trade policies or tariffs.
Giranda did note that any price increases on imported or internationally-made vehicles could be short term only.
It all depends on what actually happens with the election and the coming years.
Regardless of who wins the election, do your research before purchasing any vehicle.
check that it fits into your budget and needs.
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