'Auto Trends' First State Of The Minority Car Dealer: Trump's 25% Tariffs, DEI, EVs And More (Two Shows)

Ethnic minority new cars dealers own 1,574 of today's 16,957 dealerships in the United States, according to the latest stats provided by National Automobile Dealer Association (NADA) and the National Association of Minority Automobile Dealers (NAMAD). Thus, this number equates to 9 percent of today's new car dealerships being owned by ethnic minority dealers. 

Ironically, ethnic minority consumers drive 33 percent of today's new car sales, according to S&P Global Mobility's Marc Bland, a specialist in multicultural car sales. Out of the approximately 16 million new vehicles sold in the United States in 2024 through new car dealers, ethnic minority car buyers accounted for 5.3 million of those new vehicle sales.

SiriusXM's 'Auto Trends' Talks Trumps 25% New Car Tariffs, 1st Quarter Sales & More with Two Auto Analysts (Two Shows)

 

Steve Fiorani, the vice president of AutoForecast Solutions, and Kevin Tynan, the director of research for The Presidio Group, joins Auto Trends with JeffCars.com, a syndicated multicultural automotive program, to analyze first quarter sales and what it means to consumers and the industry.

'Auto Trends' Talks About Consumer New Car Purchasing Behavior Post Pandemic And The New Tariffs

Auto Analyst Tom Libby  (Photo Credit: S&P)

Tom Libby, a Detroit-based auto analyst, who serves as S&P Global Mobility director of loyalty, talks to Auto Trends with JeffCars.com, a syndicated multicultural automotive radio program about the latest car-buying trends.

Being that this is the five-year anniversary of the Covid-10 pandemic, Libby analyzes the shift in consumer purchasing behavior with new vehicles throughout that period, as well as the average transaction prices.