Understanding Tariffs
The automotive industry-like many others-is subject to changes in tariff policies. These shifts can influence the cost of new and pre-owned vehicles, as well as repair and maintenance expenses. We're here to help you stay ahead of these changes so you can make smart, well-timed decisions. This overview outlines key information about possible tariffs and how they could affect your next vehicle purchase.
What Are Tariffs?
Tariffs are taxes imposed on imported goods. In the auto sector, they can apply to vehicles, parts, and materials manufactured outside the U.S. Even though many cars are assembled domestically, critical components often come from abroad, making them susceptible to tariff changes. While some trade partners like Canada and Mexico have previously received exemptions, future policy shifts could alter that landscape. Keeping informed is essential.
How Could This Impact You as a Buyer?
Potential Price Increases:
Automakers may pass increased costs from tariffs down to consumers, which could lead to higher prices on both new and used vehicles. Incentives such as lease deals and financing offers might shrink, potentially raising your total cost by up to $12,000.
Fluctuating Inventory:
Changes in tariffs may disrupt production schedules and import strategies, possibly resulting in limited stock and fewer options-especially for select models and trims.
Rising Demand for Pre-Owned Vehicles:
If new vehicle prices surge, more buyers may turn to used options, driving up demand-and prices-for pre-owned cars and parts.
Increased Maintenance Costs:
Tariffs on imported parts could raise the cost of vehicle repairs and servicing.
Why Buying Now Could Be a Smart Move
Lock In Today's Prices:
Purchasing now could shield you from upcoming price hikes triggered by tariff changes.
Secure the Vehicle You Want:
Buying sooner helps ensure access to your preferred model and features before supply becomes limited.
Take Advantage of Current Offers:
Promotions and financing options available today may not last, especially if market conditions shift.
Get Ahead on Maintenance:
Completing needed service now could help you avoid future cost increases tied to rising parts prices.
Our Commitment to You
We're committed to providing clear, timely updates and top-tier customer support. Whether you're shopping for your next vehicle or preparing your current one for what's ahead, we're here to guide you every step of the way.
Explore our online inventory or visit us in person to see how potential tariffs might affect your vehicle decisions