Close Menu
    What's Hot

    Best Black Friday Deals 2025: We’ve Tested Every Item and Tracked Every Price

    November 27, 2025

    5 Best Smart Glasses (2025), Tested and Reviewed

    November 27, 2025

    14 Early Black Friday Deals at Best Buy (2025)

    November 26, 2025
    Facebook X (Twitter) Instagram
    Facebook X (Twitter) Instagram
    Trend Alerts – Stay Ahead of the Trends!
    Subscribe
    • Home
    • Trending

      Best Black Friday Deals 2025: We’ve Tested Every Item and Tracked Every Price

      November 27, 2025

      5 Best Smart Glasses (2025), Tested and Reviewed

      November 27, 2025

      14 Early Black Friday Deals at Best Buy (2025)

      November 26, 2025

      Boeing’s Next Starliner Flight Will Only Be Allowed to Carry Cargo

      November 26, 2025

      Elon Musk Said Grok’s Roasts Would Be ‘Epic’ at Parties—So I Tried It on My Coworkers

      November 25, 2025
    • Worldwide

      ARA Freight Market: Light Ends Under Heavy Pressure While Distillates Hold Firm

      November 24, 2025

      Rhine Freight Market: Stable Rates Amid Weak Demand and Price Volatility

      November 24, 2025

      Rhine Freight Market: Stable Rates, Weak Demand, and Mounting Price Volatility

      November 19, 2025

      ARA Freight Market: High Volumes, Softer Rates, and a Market Searching for Direction

      November 19, 2025

      Geopolitical Tensions and Seasonal Tightness Drive October’s Product Market Recovery

      November 15, 2025
    • Finance

      Fall Art Auction Quiz: Are You Smarter Than a Billionaire?

      November 25, 2025

      Why you need it and how to build it

      November 21, 2025

      When you get an I-T notice, how to respond

      November 19, 2025

      How to financially prepare for your divorce and protect your assets

      November 18, 2025

      How to decide if you should invest or stay away

      November 9, 2025
    • Business

      AI Implementation Cost vs ROI: Finding the Balance

      November 25, 2025

      AI Essentials for Business vs. AI for Leaders

      November 20, 2025

      How to Architect an AI-Native Business

      November 18, 2025

      Understanding the Leveraged Buyout Model

      November 13, 2025

      What It Is & Its Key Components

      November 5, 2025
    • News

      World’s Most Unbelievable Events That No One Expected

      March 16, 2025

      Biggest Space Discoveries That Went Viral This Year

      March 16, 2025

      AI Just Did This! The Most Shocking AI Development Yet

      March 16, 2025

      Mind-Blowing Tech Innovations That Went Viral in 2025

      March 16, 2025

      Top 10 Viral Moments That Broke the Internet in 2025

      March 16, 2025
    Trend Alerts – Stay Ahead of the Trends!
    Home»Finance»Specter of Auto Tariffs Spurs Some Car Buyers to Rush Purchases
    Finance

    Specter of Auto Tariffs Spurs Some Car Buyers to Rush Purchases

    Elon MarkBy Elon MarkMarch 29, 2025No Comments7 Mins Read
    Facebook Twitter LinkedIn Telegram Pinterest Tumblr Reddit WhatsApp Email
    Share
    Facebook Twitter LinkedIn Pinterest Email


    Ziggy Duchnowski spent Saturday morning car shopping along Northern Boulevard in Queens with two goals in mind.

    He wanted to find a new small car for his wife, and he hoped to strike a deal before the new tariffs that President Trump is imposing on imported cars and trucks affect prices.

    “The word on the street is prices are going to shoot up now,” said Mr. Duchnowski, 45, a union carpenter who voted for Mr. Trump, holding the hands of his two small children.

    The tariffs — 25 percent on vehicles and parts produced outside the United States — will have a broad impact on the North American auto industry. They are supposed to go into effect on April 3 and are sure to raise the prices of new cars and trucks.

    They will also force automakers to adjust their North American manufacturing operations and scramble to find ways to cut costs to offset the tariffs. And for now at least, they are spurring some consumers to buy vehicles before sticker prices jump.

    Analysts estimate that the tariffs will significantly increase the prices of new vehicles, adding a few thousand dollars for entry-level models to $10,000 or more for high-end cars and trucks. Higher prices for new vehicles are also likely to nudge used-car prices higher.

    Every automaker will feel some kind of impact. General Motors builds a large number of highly profitable pickup trucks and sport utility vehicles in Canada and Mexico. Toyota and Honda make popular S.U.V.s in Canada. Volkswagen assembles the Jetta sedan, Tiguan S.U.V. and other popular models in Mexico.

    “Once the tariffs go into effect and people start receiving quotes that represent these 25 percent increases, that’s when it’s going to start to sink in,” said Bill Pacilli, the sales manager at Lynnes Hyundai in Bloomfield, N.J.

    Close to half the cars that Hyundai sells in the United States are imported from South Korea, he said. “They’re going to be hit with the tariffs in about a month or two,” Mr. Pacilli said. “Of course we’re concerned. Any effect in pricing is going to affect sales volume.”

    Alvaro Duarte, an Ecuadorean immigrant who lives in West New York, N.J., went to Hudson Toyota in Jersey City, N.J., on Saturday to trade in his gas-powered car for an electric model, fearing prices would rise if he waited.

    “Tariffs affect everyone,” said Mr. Duarte, 37. In his free time, he said, he often uses his car to earn money on the side as an Amazon Flex delivery driver. “If the prices go up, I need to pay more for my car, and that’s more expensive for me and my family,” he said. “I made the change because with electric cars there is no gasoline and less maintenance.”

    Meanwhile, a salesman at Audi Manhattan in New York, Abdul Azeez, said traffic was no brisker than usual, and suggested it was because the people who live in the neighborhood usually have the means to buy new cars whenever they choose.

    “Overall, I don’t think dealers in Manhattan are going to be as affected compared to dealers in other states or less busy cities, because even in the good economy, bad economy, there’s always going to be somebody who walks in the door to buy a car,” said Mr. Azeez, 24.

    In Ann Arbor, Mich., on the strip of auto dealerships west of downtown on Jackson Avenue, customer traffic was pretty normal for a Saturday on the last weekend of the month — typically a busy time.

    But a Tesla showroom drew a crowd: some 300 to 400 people gathered to protest the political activities of the company’s chief executive, Elon Musk.

    Mr. Musk heads the cost-cutting initiative known as the Department of Government Efficiency, which has eliminated thousands of federal jobs and gutted several government agencies, including the Veterans Affairs Department and the Education Department.

    Protesters carried signs calling for Mr. Musk’s firing and urged people to sell their Teslas.

    “We’ve got to get some basic common sense back in this country,” said Harold Blake, 73, a retiree who drove 30 miles from Dearborn to participate in the protest.

    “It’s so extreme, what’s going on in Washington,” he said. “I’m not taking it lying down.”

    Over the course of an hour, no customers crossed the picket line to enter the Tesla showroom.

    Protests were taking place at Tesla locations around the world, as part of the so-called Tesla Takedown movement. More than two dozen such demonstrations were scheduled across the United States on Saturday. Others were planned for Europe, Australia and New Zealand.

    “I’m terrified for my kids and grandkids for what this world is coming to,” Kathy Sinnes, 67, said while protesting outside a Tesla showroom in Miami and holding a poster that read, “Tesla greed we will not heed.”

    It remains unclear how soon prices on new vehicles will rise. Most automakers have enough tariff-free cars and trucks on dealer lots to last 60 to 90 days.

    Juan Carlos Fagerlund decided not to wait. He was in a Toyota dealership in North Miami, Fla., to add window tinting to a Prius he had bought this month.

    Although he had already been thinking about buying a new car, he said, the potential of higher prices prompted him to speed up his shopping, especially because he wanted a Prius. The car is made in Japan and will be subject to a heavy tariff.

    The tariff increase “was not entirely the reason why we purchased in March,” Mr. Fagerlund said. “But it was definitely in our minds.”

    Adria Pina, 60, a Dominican immigrant and a New Jersey Transit bus driver who lives in Bayonne, N.J., also decided to move quickly. Sitting in the Hudson Toyota dealership in Jersey City minutes after she bought a new car, she said she felt that she had just dodged a tariff pothole.

    “My husband said we got lucky that we got a deal right before the tariffs,” Ms. Pina said. “If we didn’t get this done in time, it would have cost us about $10,000 more. That’s a lot of money.”

    Sal Sellers, 57, the general sales manager at Hudson Nissan next door, didn’t seem overly concerned about the looming tariffs, noting that he had been through the pandemic and other serious economic downturns. But that didn’t mean his customers weren’t worried.

    “Last week, we had a couple customers walking in saying: ‘You know what, I’m not waiting. I’m going to change my car now before the tariffs hit,’” Mr. Sellers said. “I’d say about 30 percent of my customers said that.”

    Outside Chicago, Enzo Costa oversees eight dealerships as director of sales for the family-owned Patrick Dealer Group.

    In March, he said, he increased his orders for new cars to top off his inventory before prices rise, and his acquisitions team purchased 30 used vehicles — about three times the usual number.

    So far, though, he hadn’t seen a spike in customer traffic. “On a normal Saturday, we set 80 to 100 appointments,” he said. “Today, we have 75.”

    He added that his sales team was urging customers considering new cars to come to the showroom. “Everything in inventory is pre-tariff,” he said. “You don’t have to worry about that now. That’s something that is way down the road.”

    At Silver Line Auto Group in Queens, which sells used Jeeps, Cadillacs and Mercedeses, many customers are immigrants or other people who have driver’s licenses but not Social Security numbers. Back in December, Silver Line sold 35 cars, but business had crashed since then, said a salesman, Silver Bautista. The company sold just eight cars this month and recently laid off four employees.

    Mr. Bautista said he believed that customers were staying away not because of rising prices but because they felt a need to save money.

    “They don’t care about tariffs,” Mr. Bautista said. “People are worried about being deported.”

    Robert Chiarito, Ryan Hooper, Verónica Zaragovia, Anusha Bayya and Nate Schweber contributed reporting.



    Source link

    Auto Buyers Car Purchases Rush Specter Spurs Tariffs
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email
    Previous ArticleDinnerly Meal Kit Review: Hearty Meals on a Budget
    Next Article Myanmar Quake Death Toll Climbs as Some Aid Starts to Arrive
    Elon Mark
    • Website

    Related Posts

    Fall Art Auction Quiz: Are You Smarter Than a Billionaire?

    November 25, 2025

    Why you need it and how to build it

    November 21, 2025

    When you get an I-T notice, how to respond

    November 19, 2025
    Add A Comment
    Leave A Reply Cancel Reply

    Top Posts

    10 Trends From Year 2020 That Predict Business Apps Popularity

    January 20, 2021

    Shipping Lines Continue to Increase Fees, Firms Face More Difficulties

    January 15, 2021

    Qatar Airways Helps Bring Tens of Thousands of Seafarers

    January 15, 2021

    Subscribe to Updates

    Get the latest sports news from SportsSite about soccer, football and tennis.

    Advertisement
    Demo

    TrendAlerts is your go-to platform for the latest trending news, covering global events, technology, business, entertainment, and more. Stay informed with real-time updates and in-depth analysis on what’s shaping the world today! 🚀

    We're social. Connect with us:

    Facebook X (Twitter) Instagram Pinterest YouTube
    Top Insights

    Top UK Stocks to Watch: Capita Shares Rise as it Unveils

    January 15, 2021
    8.5

    Digital Euro Might Suck Away 8% of Banks’ Deposits

    January 12, 2021

    Oil Gains on OPEC Outlook That U.S. Growth Will Slow

    January 11, 2021
    Get Informed

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    © 2025 Trend Alerts. All Rights Are Reserved.
    • Home
    • Trending
    • Worldwide
    • Finance
    • Business
    • News

    Type above and press Enter to search. Press Esc to cancel.