I'm a car dealer. Here's how I'm preparing for Trump's tariffs on autos.

I'm a car dealer. Here's how I'm preparing for Trump's tariffs on autos.

Some prospective car buyers have rushed to buy cars ahead of expected tariffs.Scott Olson/Getty ImagesCars and car parts are on the long list of goods that Donald Trump hit with tariffs this week.One dealer said he was bringing in extra vehicles and parts to get ahead of the duties.Customers bought cars ahead of the tariffs to secure cheaper prices, the dealer said.This as-told-to essay is based on a conversation with Scott Kunes, COO of Kunes A…

Price hikes, idled factories, layoffs: how car companies are responding to Trump’s tariffs

From Audi to Volvo President Donald Trump’s 25 percent tariffs on all auto-related imports have been called “a debacle of epic proportions” and a sure-fire way to tank the auto market by crushing demand. Analysts have been predicting everything from $12,000 per vehicle price hikes to the possible “Cubanization” of the US car fleet. Now that they’ve had a few days to process the news, the automakers are starting to get their ducks in …

Car manufacturers have begun to position themselves against Donald Trump's tariffs.

Following US President Trump's tariff announcements, the first states have announced countermeasures, and companies from the automotive industry, for example, are also trying to adapt to the new situation in world trade.

The Reasonably priced Automobile Is About to Go Extinct within the US

Let’s be upfront right here: US automobiles haven’t been low cost for a very long time. The typical worth of a brand new automotive within the US is near $50,000, up some $5,000 from 20 years in the past, even adjusted for inflation. The explanations are manifold: Autos have gotten extra difficult—and costly—to fabricate, the Covid-19 pandemic bent world auto provide chains off form, and Detroit automakers put the brakes on comparatively extra i…

I'm a car dealer. Here's how I'm preparing for Trump's tariffs on autos

Some prospective car buyers have rushed to buy cars ahead of expected tariffs. Scott Olson/Getty Images Cars and car parts are on the long list of goods that Donald Trump hit with tariffs this week. One dealer said he was bringing in extra vehicles and parts to get ahead of the duties. Customers…