Teresa Leger Fernandez: “The gentleman has mentioned the fact about a vehicle's expense. Now, let's recognize that used car prices have gone up…”

“The gentleman has mentioned the fact about a vehicle's expense. Now, let's recognize that used car prices have gone up for the first time in 30 months not because of what California has done but because of Trump's tariffs. Mr. Speaker, I ask unanimous consent to include in the Record an article titled: ``Used car prices just rose for the first time in 30 months. Here's why and what it could mean for consumers in 2025.'' The SPEAKER pro tempore. Is there objection to the request of the gentlewoman from New Mexico? There was no objection. [From the Jackson Sun, Apr. 10, 2025] Used Car Prices Just Rose for the First Time in 30 Months. Here's Why and What it Could Mean for Consumers in 2025 (By Charles Singh) American used car prices haven't increased for over two years, until now. A study conducted by automotive research site iSeeCars concluded that used car prices have risen after months of consistent declines. This could be great news for used car dealers and horrible news for folks looking to purchase a used car in 2025. Why have used car prices suddenly increased? This deviation from the norm surely isn't coincidental. Tariffs are the culprit, and they could take the average used car price to the moon (in the worst way possible). After the events of `Liberation Day', a potential trade war involving multiple world powers is a nightmare-turned- reality. Import tariffs don't just impact new cars and car parts, they cause chaos in the used car market as well.…”