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Can former President Donald Trump retake the White House?
Can President Joe Biden regain a second term?
Can either stem inflation and the risingcost of living?
But other questions extend further out into the economy.
Also see retirement moves you should consider if Trump is elected.
With an uncertain economy, consumer confidence starts to waiver.
Spending behaviors change as families take a stab at scrimp and save any penny they have.
This scenario is predicated on Trumps historical stance on trade policies and their ripple effects on the automotive industry.
Trade Policies and Tariffs
Trumps trade policies were not stellar during his first term in office.
China and America experienced turbulent times under the last administration.
This trend could continue or even intensify in a second Trump term.
As new car prices rise, demand for used vehicles typically increases as consumers seekmore affordable options.
This shift in demand could drive up used car prices dramatically.
It could lead to higher prices for used cars.
Without regulatory oversight,car manufacturers and dealershipscould find themselves with lower operational costs.
Prices of used cars might even stabilize or drop in this scenario.
Its crucial to note that these predictions are based on historical data andcurrent market conditions, Salahi said.
The impact could vary depending on the policies implemented and broader economic factors at play.
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