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Auto prices could face significant price increases. But what does this mean for you and me? Find out more later in this email. |
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💵 Today’s Top Stories |
| | A Clark listener paid off her credit card balance. She felt surprised when she owed “residual interest” the next month. Is that legal? Read more. |
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| | Want to immediately lower your living expenses? Here are 10 cities to consider based on quality of life, value, desirability and the job market. Read more. |
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| | First determine whether you actually need one. You may be surprised. Then make sure your advisor is working in your best interests, not making money off your back. Read more. |
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| | Clark calls this “one of the worst rip-off products that the banks have dreamt up.” Why is it so bad? And what exactly is it? Read more. |
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| | Are you trying to build or repair your credit? Navy Federal has a new secured credit card that could be just what you need. Read more. |
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📣 Today’s Top News |
US Mobile Deal: Annual Unlimited Plans From $19/Month |
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💻️ Tech Tip From Kim Komando |
🚨 Banking app scam alert: A phishing attack is tricking people into installing an “updated” (read: bogus) banking app. Scammers contact you via email, SMS or voice call. Download their app, log in, and now they have your password. Stay safe: Only update apps via the App Store or Google Play. If you need your bank’s app, go to their website for a direct link. Join 575K people who get tech smart with my friend Kim Komando’s free newsletter, The Current. |
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🚘️ Tariffs: All Eyes on the Car Market |
The tariff landscape in 2025 has been difficult to predict. |
But whatever tariffs exist, and for however long, are likely to affect the auto industry. And sometimes by a significant amount. |
An interesting stat: One day after the U.S. announced it will charge a 25% import tax on imported vehicles and auto parts, shares of rental car companies Avis and Hertz soared. They had gained nearly 20% at one point, threatening all-time record days. |
Rental car companies often sell their used cars. So that’s a strong signal on what may happen to car prices, assuming these tariffs are implemented and remain active in the intermediate term. |
U.S. car dealerships imported 46% of light vehicles (cars, SUVs, hybrids and pickup trucks) it sold last year, mainly from Mexico, South Korea, Japan, Canada and Germany. |
According to Car Dealership Guy, Ford and Hyundai are among the brands most insulated from these tariffs, while General Motors, Porsche, BMW and Mercedes-Benz could get hit hard. |
It’s hard to predict how much of those increased costs that automakers will pass on to consumers – and how other factors could impact prices. It’s likely a brand-by-brand situation, just like recovery from the COVID-19-fueled supply chain issues was. |
But it’s possible that some vehicles could see significant price increases on the horizon. |
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📊 Stat of the Day |
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💰️ Deal Alert: Today’s Top Deals |
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🎙️ Podcast |
| Full Show: States With the Highest Home Insurance Premium Increases and Clark’s Crytpo Warning |
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New data shows home insurance premium increases across the country. Which areas will get hit the hardest? Clark shares the latest. Also, there’s a surge in cryptocurrency again. Clark explains his crypto money rule. |
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☎️ Need Money Help? |
The Team Clark Consumer Action Center is a free helpline that can help you navigate your money questions. Call 636-492-5275. Visit clark.com/cac for more information. |
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