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Fox Business’ Madison Alworth explains how rental car companies have financial benefits from the automotive industry’s tariffs implemented by the Trump Office.
The auto industry is bent for price increases Tariffs of President Donald Trump This week will take effect. Important question consumers are surprising: how much will they pay for a vehicle?
Brian Moody is not simple to respond according to AutoTrader’s executive editor. Moody is more complicated that consumers can understand the effects of tariffs in both domestic and international markets.
For one, the price of local cars produced locally will remain the same because the prices of foreign-produced cars are increasing for the tariffs of all imported cars. In addition, there will be no uniform growth on the board, Moody was explained.
“It is built in the United States, this car is not an increase, this car is built outside the US dollar, $ 5.000, price increase. This does not just make sense in terms of competitive analysis,” Moody said.
Trump, which looks like a way of importing tax revenues to reduce the tax revenue, plans to apply a 25% tariff when ensuring the revival of internal production. All imported passenger vehicles. This includes sedans, cars, crossovers, minibuses, trucks and light trucks. It will also hit basic car parts such as engines, transmissions, strengthening parts and electrical components, although “in need of additional parts to expand tariffs”.
Trump’s 25% Auto Import Tariffs: These are the most effective manufacturers
Used vehicles are sold in a seller in Calma, California. (David Paul Morris / Bloomberg, Getty Images / Via File)
Prices will increase not only a mood project, but a greater rise in increases with a larger model level, it will affect higher models compared to a greater rise. For example, Moody cannot support an important price increase in $ 90,000, if a car for $ 25,000 from $ 20,000 can not support an important price increase.
Deutsche Bank Analyst Edison Yu estimated that consumers can over 10% of the price of 5% to 10% to 10%, although the US-Mexican-Canadian agreement has freedom or not, if there is freedom of the US-Mexican-Canada or not.
The management said that the United States-Mexican-Canada contract, which confirmed how much was done in the United States, said the import of cars. Systems will be placed in place, 25% Levy will only apply to the parts of the unplucted car in the United States.
Ford cars are sick in a seller in Orland Park. (Daniel Acker / Bloomberg Getty Imager / Via File)
“It is not clear from 5% to 10% increase to 100% increase in the consumer,” he said. “But the majority of my base would be most of that.”
Yu “It can be very painful in the near future,” he said. However, as in the mood, he believes that there will be an imbalance and some brands will be harder. Hyundai, for example, will hit the hardest. According to this vehicle and the region of the region.
Trump’s automatic tariffs may be a boon for rented car companies
Yu explained that there is not much margin to work in the supply chain, and that the carers will try to be the most difficult for their expenditures.
However, with the noticeable tariffs, 25%, “It will be increased in the” economy “,” Jessica Caldwell, “Jessica Caldwell, Edmunds” claims to be increased. “
The average operating price for new vehicles was $ 47,373 and the average manufacturer’s proposed retail price for new vehicles was $ 49,350. The average operating price of used vehicles was $ 25,005.
Vehicles are sold in Honda dealer in California, California. (David Paul Morris / Bloomberg, Getty Images / Via File)
Administration said that using tariffs Car and car parts Protect and strengthen the US car sector.
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The administration has expanded its fields in the foreign automotive industry bolted by unfair subsidies and aggressive industrial policies. At the same time, this is the stagnation of its production. In 2024, Americans, 16 million cars, including SUVs and light machines, but 50% of them were imports.
Yu, about 46% of US car sales is imported and there is a desire to buy this figure, but the only way to do this is “structural change.”
“The more vertical combined and a more visible car industry in the United States, because this is also a place where it seems like this and it seems like this, because it really is a place with a localized supply chain that we can really be really quickly and as a result.”
No matter what, the fears around the tariffs have already managed a handful of consumer to car dealers. New Jersey-based famous motor car owner Tom Maoli, Sales have been 15% since last month.
Meanwhile, Deutsche bank analysts “Be as healthy as the price of consumers,” in fact, “it is as healthy,” said Sunday. In the second half of the year, the weakness is waiting. “Once a higher costs run.”
