March 29, 2025 - 06:19
President Trump has announced a significant 25% tariff on imported cars and certain auto parts, a move that is expected to have far-reaching implications for both consumers and car dealerships across the nation. This tariff is likely to increase the cost of purchasing new or used vehicles, as well as the expenses associated with repairing existing cars.
Tom Maoli, the owner of Celebrity Motor Car Company, shared insights on how these tariffs will affect his business operations. He emphasized that the increased costs of imported vehicles and parts will inevitably be passed down to consumers, leading to higher prices at the dealership.
For consumers, this means that the dream of owning a new car may become more expensive. Additionally, those looking to repair their vehicles may face steeper bills due to the increased cost of parts. As the automotive market adjusts to these new tariffs, both dealers and buyers will need to navigate the financial impact in the coming months.
