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Middle-Class Americans Race To Buy Cars Before Price Apocalypse

In a shocking turn of events, middle-income Americans have shifted into high gear, accelerating their car-buying timelines amid sky-high price fears. "Consumers are taking proactive steps," says Betty Jotanovic of Santander, confirming that desperation for four wheels now outpaces indecision. After a wild roller coaster of tariffs and policy zigzags, over half of respondents admitted to delaying purchases, but now 55% plan to buy soon. Even Elon Musk jumped on the panic wheel, urging customers to ā€˜place orders now’ before EV tax credits vanish Sept. 30. The new motto? Buy fast or pay forever.

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Source: Axios | Published: 7/28/2025 | Author: Joann Muller