Car Dealership Guy Podcast
Auto Tariffs Are Coming– Now What? | Emergency Podcast With 8 Top Dealers And Insiders
Apr 1, 2025
In this intriguing discussion, auto retailer Andy Wright and global Honda dealer Brian Benstock join a powerhouse panel to dissect the imminent auto tariffs. They analyze how these tariffs will influence vehicle prices, especially for luxury brands like Mercedes and Porsche. The experts delve into the strategies dealerships are adopting to navigate challenges, from inventory management to economic shifts affecting consumer demand. With insights from various industry leaders, this conversation reveals how the automotive sector is preparing for a turbulent future.
53:30
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Quick takeaways
- The impending 25% tariffs on imported vehicles and parts could markedly increase prices and affect availability, challenging dealers and consumers alike.
- Understanding the distinction between vehicles built with North American parts and those with foreign content is crucial for dealers to effectively manage pricing strategies.
Deep dives
Impact of Upcoming Tariffs on the Industry
Significant tariffs on imported vehicles and auto parts are set to take effect, potentially impacting half of all vehicles sold in the U.S. Beginning April 3rd, a 25% tariff will be imposed on all imported vehicles, followed by a similar tariff on critical auto parts slated for May 3rd. This marks one of the most significant shifts in the automotive industry since COVID and poses unique challenges across manufacturers, dealers, and consumers. The implementation of these tariffs could lead to increased vehicle prices, affecting affordability and availability in the market.
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