Cruz said that a Big 3 automaker told him that the average price of their cars would increase by $4,500 beginning in June.

With President Trump's 25% auto tariffs going into effect this week, automakers could put more burden on buyers.

President Trump says the tariffs will encourage investment in U.S. factories, but analysts say car buyers will have to pay thousands more.

Multiple automakers reported a surge in sales during March as shoppers rushed to dealerships to score a deal before tariffs took effect. But how long the boost will last remains to be seen once

Stellantis NV is offering employee-discount pricing across its brands as the maker of Jeep and Ram vehicles seeks to lure buyers into its showrooms after President Donald Trump’s tariffs sparked fears of rising car prices.