Los Angeles – There is a 25% tariff Imported vehicles and vehicle parts It is scheduled to come into effect on April 2nd as part of President Trump’s trade war from Canada and Mexico. Risk of facing higher prices later.
Even after selling the car for 20 years, general manager Brandon Wishn Grade is a Nissan dealer in a family in Los Angeles, and it is still unpredictable how impending tariffs will affect prices.
Hope admits that they don’t know what to say to their customers about whether prices could change.
“It’s hard to say,” Wishn Grade said. “At this point, I think I know just like everyone else.”
According to Anderson Economic Group estimates, if tariffs are in effect, the average cost of a new car could increase in the range of $3,500 to $10,000. That potential rise also depends on where the parts come from.
Jessica Caldwell, Edmunds’ Head of Insights, says it’s a spreadsheet nightmare.
“Many vehicles are finally assembled in the US, but they get engines, transmissions from Mexico and Canada,” explained Caldwell. “… Looking at the industry as a whole, nothing is 100% American.”
Trump’s 25% tariff came into effect on March 4th, but he issued it a day later One month grace After talking to leaders of three big car makers, Ford, General Motors and Stellantis, he went to the US automaker. Then, on March 6th, he Pause has been issued Until April 2nd on all imports from Canada and Mexico covered by the US-Mexico Canada Agreement.
Caldwell says “often” car manufacturers suspect that tariffs still don’t know what the cost of them.
“It’s especially like when parts cross the border eight times,” Caldwell added.
She says the automakers “can build factories here in the US, but they’ll just take time.”
In the meantime, Caldwell says anyone who drives a car needs to be prepared to pay more.
“It’s not just about people buying vehicles. I think people who have to repair vehicles and service their vehicles are experiencing higher costs as well,” Caldwell said.
When it comes to new cars, Caldwell believes buyer incentives and other discounts will be the first to disappear.
“So if someone is trying to buy a new car in the next few months, they’ll probably do it sooner than later,” Caldwell said. “I don’t know if the tariffs will eventually pass, but if you can’t afford to take that gamble, I think it’s probably best to be careful.”
Hope Graduation agrees that the return and the trade war has become white noise for consumers.
“I think so, in the end, you know, people start to adjust it.”
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Carter Evans
