Trump's auto tariff could impact car prices
Digest more
Top News
Impacts
“There is going to be a pretty significant increase,” Steve Raymond of Collectible Motor Car of Atlanta told Channel 2′s Audrey Washington on Tuesday.
From Yahoo
Buyers flooded dealerships in March to snap up cars ahead of the threat of higher prices due to tariffs.
From Yahoo
Read more on News Digest
At least 17 Tesla cars were destroyed after a fire broke out at a dealership on the outskirts of Rome on Monday morning, according to Italian fire officials. No one was at the dealership when the fire broke out and no injuries have been reported.
President Trump’s auto tariffs have customers and dealers spooked. At the Lexus of Route 10 dealer in the New Jersey suburbs, the showroom floor was buzzing more than normal for a weekday at the end of the month ahead of the 25% tariffs on foreign cars that are poised to take effect on April 2.
They said the tariff cost increase will depend on the car, but based on the brands they supply, at most it will be up to $10,000 on what the same model currently runs for. She said the from the campaign, the dealership saw a 25% increase in car shoppers.
Sales of cars picked up recently partly as buyers rushed to lock in deals before President Trump’s 25 percent tariffs on cars and auto parts go into effect.
President Trump's forthcoming tariffs on automobiles threaten to make cars more expensive, and some consumers are responding by heading to dealerships before the levies go into effect.Mr. Trump last week announced a 25% tariff rate on vehicles and auto parts imported into the U.
Explore more
The plea comes days before President Donald Trump's 25% tariff on foreign-made automobiles and automotive parts is slated to take effect.
Greater Houston car dealers are expecting a small bump in business as tariffs start driving up costs, but they say demand for vehicles in the region will remain steady. Why it matters: The reality of President Trump's tariffs on imported vehicles and auto parts is sinking in,
What future months hold for the automakers is uncertain. President Donald Trump announced 25% tariffs on auto imports that go into effect on April 3. The tariffs are set to expand