Navigating Potential Tariffs

Navigating Potential Tariffs: Your Guide to Smart Vehicle Buying

The automotive industry, like many others, is subject to potential changes due to proposed tariffs. These adjustments can impact the cost of vehicles, both new and pre-owned as well as service repairs. We're committed to providing you with the information you need to make informed decisions. This guide will help you understand potential tariff impacts and how they might affect your vehicle purchase.

Understanding Tariffs:
Tariffs are taxes imposed on imported goods. In the automotive sector, these can affect vehicles and parts manufactured outside of the United States. Recent discussions about potential tariff adjustments have raised concerns about potential price increases. Although some of our vehicles are manufactured in the U.S., parts, components, and even raw materials can originate from various international sources, making them potentially subject to tariff impacts. It is important to know that vehicles manufactured in Canada, Mexico, and other countries have had tariff exemptions in the past. However, future changes are possible. It is important to stay informed of any changes.

Potential Impacts on Vehicle Buyers:

• Price Increases:
  • Tariffs can raise manufacturer costs, potentially leading to higher prices for new and pre-owned vehicles, which may include: lease incentives, dealer incentives, and finance incentives by upwards of $12,000.
• Inventory Fluctuations:
  • Potential tariff changes can influence manufacturer production and import decisions, leading to potential fluctuations in vehicle inventory. This could mean limited availability of certain models or parts.
• Pre-Owned Market: 
  • Higher new car prices can increase demand and prices for pre-owned vehicles, with potential increases to replacement parts costs.
• Service Costs: 
  • Tariffs on imported parts may increase vehicle service and repair expenses.

• Lock in Current Prices: 
  • Purchase now to secure today's prices before potential tariff-related increases.
• Avoid Inventory Shortages: 
  • Act now to avoid potential inventory shortages due to production or import adjustments.
• Take Advantage of Current Offers: 
  • Capitalize on current market conditions and dealership promotions, which may change.
• Service Before Price Increases: 
  • Taking care of your vehicle's service needs now can help you avoid potential increases in service and parts costs.