The Peak Daily Secondhand status 👐 - Tariffs take a bite out of U.S. auto sector, Luxury brands lose sales to themselves
Oct 20, 2025
Tariffs on auto parts are sending shockwaves through the U.S. auto industry, potentially crippling it. In a twist, luxury brands are now competing with their own secondhand markets, as younger shoppers flock to resale platforms. To counter this trend, brands are launching their own resale programs. Additionally, Uber is expanding options for drivers to take on freelance gigs, while security at the Louvre faces scrutiny after a high-profile jewel heist is reported. Intrigued yet?
AI Snips
Chapters
Transcript
Episode notes
Tariffs Reshape North American Auto Supply Chain
- U.S. tariffs on parts from Canada and Mexico have cost automakers roughly $10.6 billion this year and likely more when counting other tariffs.
- The policy aims to repatriate the supply chain but raises costs that weaken U.S. automakers against cheaper Chinese competition.
Protectionism May Backfire Against China
- Forcing supply chains back to the U.S. makes offshoring to Canada and Mexico expensive and prompts production shifts to America.
- That strategy risks making U.S. cars less competitive as Chinese brands expand globally.
Secondhand Luxury Outpaces New Sales
- The resale luxury market hit US $56 billion, growing nearly threefold in a decade and outpacing some new-sales growth.
- Consumers, especially Gen Z and millennials, choose resale for status at lower cost and reduced risk from verification platforms.