What A 25 Percent Tariff Would Mean On A Car Purchase

 

To enlarge, click on the image.

Earlier this week Trump delayed placing a tariff on vehicles and/or parts being sourced from our allies: Canada and Mexico. As the President of Ford Motor Company, Jim Farley, stated last month, any tariffs will be passed along to the consumer. And Farley echos the sentiments of most automakers. Essentially tariffs are an added tax.

The above image represents the Monroney Sticker of a 2025 GMC Sierra 1500 truck. The highly contented truck, which is manufactured in Mexico, is being imported to the United States.  

Auto Analyst Kevin Tynan Talks To 'Auto Trends' About Car Sales, Prices And More

 

Kevin Tynan, the Presidio Group's director of research, joins Auto Trends with JeffCars.com to analyze both the new and the used car markets, sharing what consumers are paying. 

Tynan will also discuss why for the first time there is a whopping $20,000 spread between the pricing of new and used vehicles. 

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Auto Analyst Kevin Tynan Talks To 'Auto Trends' About The Current State Of The Car-Buying Market

Kevin Tynan is a senior auto analyst at Bloomberg Intelligence. (Photo Credit: BI)

This week on Auto Trends with JeffCars.com, a multicultural syndicated automotive program, we delve into both the new and used car buying markets, sharing what consumers should anticipate paying.

Kevin Tynan, a Bloomberg Intelligence senior auto analyst and a regular contributor to the program, examines everything from new vehicle leasing and its impact on the future of used car pricing to the vehicle segment consumers can expect healthy discounts, after the average transaction price (ATP) maxed out at $67,000 in 2022.

Tynan will also briefly share his perspective on the UAW strike. 

Bloomberg Intelligence Talks To 'Auto Trends' About Used Car Prices And More (Two Shows)

 

With the Federal Reserve constantly raising interest rates to combat inflation combined with the average new 'car mortgage' payment in October being a record $748 a month, tune in over the next two weeks as Bloomberg Intelligence senior auto analyst Kevin Tynan joins us for a two-part conversation to discuss the used car market, the state of car leasing and its impact on used car pricing, new car 

Car Shoppers Beware: Several Ways To Navigate The Covid-19 Price Increases

 

Its not uncommon these days to see virtually empty car lots. This is as a result of  auto manufacturing plants closing last spring, at the request of the government to combat Covid-19. Ironically, almost a year later, the auto industry is still reeling from the closures in both the new and used car markets. Thus, this has led to a historic price surge in both the new and used car markets. In some cases a market adjustment have been applied to some vehicles for dealers to literally capitalize upon the inventory imbalance.

Moreover, throughout the pandemic, the government has doled out billions in financial incentives to stimulate the economy to business owners, gig workers, parents with young kids under 18 and to most taxpayers, in order to steer clear of another Great Recession. While there is a segment of the population that has been impacted by the hardest hit areas of the economy: travel, hospitality and the restaurant industry, there is a segment of society, who hasn’t missed a beat, in terms of their income, with the ability to work from home all while taking care of their kids. With this being the case, according to J.D. Power Insights, the sales of new vehicles in the U.S. priced above $80,000 more than doubled in the first five month of 2021, when compared to the same period in 2019.