Auto sales surged in March as car buyers raced to beat President Donald Trump's 25% tariff on imported cars and trucks.

President Donald Trump announced the implementation of 25% tariffs on all automotive imports as well as what he calls “reciprocal tariffs” on all imports. Here’s what it means for car shoppers.

For example, in the past, almost all buyers would return their leased vehicles at the end of the contract — creating a huge supply for the used-car market. Post-pandemic, however, more owners are buying out the cars. Maoli said his lease buyback rates, in some instances, top 50%, something that was unheard of only a few years ago.