Aldo Raine
Gold Member
Decade or more.
US vehicle prices could spike by up to $10K with Trump's new tariffs on Canada, Mexico
- Thread starter C_Clayton_Jones
- Start date
The real GOP will pay for MAGA stupidity.'Trump’s trade wars threaten to claim a casualty on the home front: the American auto industry.
If the president goes ahead with 25% taxes on imports from Canada and Mexico on Tuesday, he will disrupt more than $300 billion in annual U.S. automotive trade with its two neighbors, wreck supply chains that have been operating for decades and likely push up the already-forbidding price of new cars.
The tariffs pose an “existential'' threat to North American auto production, said David Gantz, a fellow at Rice University’s Baker Institute for Public Policy. They will push up “the cost of everything that’s imported from Mexico or Canada that goes into a car assembled in the U.S.‘’
Kelley Blue Book says Trump’s tariffs could raise the U.S. price of the average new car – already approaching $49,000 – by $3,000 or more. The price of some full-size pickup trucks could shoot up by $10,000.
The economic pain would intensify if Canada and Mexico counterpunched with tariffs on American exports.'
US vehicle prices could spike by up to $10K with Trump’s new tariffs on Canada, Mexico
Kelley Blue Book says Trump’s tariffs could raise the U.S. price of the average new car – already approaching $49,000 – by $3,000 or more. The price of some full-size pickup trucks could shoot up by $10,000.www.mlive.com
Economic pain brought to you by those who voted for Trump. the consequence of Trump voters’ ignorance, fear, and stupidity.
Looks like voters fucked up. Things are really high still. And everything Trump is doing is going to raise the cost of everthing.
Trump is brilliant. NOW he's telling you there will be about 2 years of pain. You are going to suffer. But on the other side is MAGA!!! And you are buying it.
S&P 500 slides to lowest level since September as stocks sell off before tariff rollout
First-quarter GDP growth will be just 0.3% as tariffs stoke stagflation conditions, says CNBC survey
The survey also shows Core PCE inflation will remain stuck at around 2.9% for most of the year.
The new forecasts come as the decline in consumer and business sentiment from the emerging trade war is showing up in real economic activity.
Zincwarrior
Diamond Member
The ads write themselves.
I have a 2022 with 9 thousand miles i will be trading in this fall for a brand new one.
With parts and raw materials from Canada and Mexico. Final assembly is one thing, complete manufacture never occurs in one country.
The Auto Pact has been in place since the 60s.
Vrenn
Platinum Member
- Feb 24, 2021
- 9,502
- 5,001
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I drive a 2005 Dodge Magnum RT where some of the parts comes from the USA while others come from the EU. The car is assembled in Canada. I think about the only major part made in the US is the hemi.
Frankenstein
Diamond Member
- Oct 28, 2022
- 13,815
- 9,430
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'Trump’s trade wars threaten to claim a casualty on the home front: the American auto industry.
If the president goes ahead with 25% taxes on imports from Canada and Mexico on Tuesday, he will disrupt more than $300 billion in annual U.S. automotive trade with its two neighbors, wreck supply chains that have been operating for decades and likely push up the already-forbidding price of new cars.
The tariffs pose an “existential'' threat to North American auto production, said David Gantz, a fellow at Rice University’s Baker Institute for Public Policy. They will push up “the cost of everything that’s imported from Mexico or Canada that goes into a car assembled in the U.S.‘’
Kelley Blue Book says Trump’s tariffs could raise the U.S. price of the average new car – already approaching $49,000 – by $3,000 or more. The price of some full-size pickup trucks could shoot up by $10,000.
The economic pain would intensify if Canada and Mexico counterpunched with tariffs on American exports.'
US vehicle prices could spike by up to $10K with Trump’s new tariffs on Canada, Mexico
Kelley Blue Book says Trump’s tariffs could raise the U.S. price of the average new car – already approaching $49,000 – by $3,000 or more. The price of some full-size pickup trucks could shoot up by $10,000.
Economic pain brought to you by those who voted for Trump. the consequence of Trump voters’ ignorance, fear, and stupidity.
Michigan Union Workers Praise Trump’s Tariffs: ‘Can’t Thank You Enough’
Auto industry union workers in Michigan are praising President Donald Trump’s decision to place tariffs on foreign-made cars, which were announced as part of the president’s “Liberation Day” agenda to place tariffs on imports from dozens of foreign nations. During the president’s Rose Garden...
trendingpoliticsnews.com
/---/ But if we only buy American-made cars, how much will the tariffs be?'Trump’s trade wars threaten to claim a casualty on the home front: the American auto industry.
If the president goes ahead with 25% taxes on imports from Canada and Mexico on Tuesday, he will disrupt more than $300 billion in annual U.S. automotive trade with its two neighbors, wreck supply chains that have been operating for decades and likely push up the already-forbidding price of new cars.
The tariffs pose an “existential'' threat to North American auto production, said David Gantz, a fellow at Rice University’s Baker Institute for Public Policy. They will push up “the cost of everything that’s imported from Mexico or Canada that goes into a car assembled in the U.S.‘’
Kelley Blue Book says Trump’s tariffs could raise the U.S. price of the average new car – already approaching $49,000 – by $3,000 or more. The price of some full-size pickup trucks could shoot up by $10,000.
The economic pain would intensify if Canada and Mexico counterpunched with tariffs on American exports.'
US vehicle prices could spike by up to $10K with Trump’s new tariffs on Canada, Mexico
Kelley Blue Book says Trump’s tariffs could raise the U.S. price of the average new car – already approaching $49,000 – by $3,000 or more. The price of some full-size pickup trucks could shoot up by $10,000.
Economic pain brought to you by those who voted for Trump. the consequence of Trump voters’ ignorance, fear, and stupidity.
leftwinger
Diamond Member
'Trump’s trade wars threaten to claim a casualty on the home front: the American auto industry.
If the president goes ahead with 25% taxes on imports from Canada and Mexico on Tuesday, he will disrupt more than $300 billion in annual U.S. automotive trade with its two neighbors, wreck supply chains that have been operating for decades and likely push up the already-forbidding price of new cars.
The tariffs pose an “existential'' threat to North American auto production, said David Gantz, a fellow at Rice University’s Baker Institute for Public Policy. They will push up “the cost of everything that’s imported from Mexico or Canada that goes into a car assembled in the U.S.‘’
Kelley Blue Book says Trump’s tariffs could raise the U.S. price of the average new car – already approaching $49,000 – by $3,000 or more. The price of some full-size pickup trucks could shoot up by $10,000.
The economic pain would intensify if Canada and Mexico counterpunched with tariffs on American exports.'
US vehicle prices could spike by up to $10K with Trump’s new tariffs on Canada, Mexico
Kelley Blue Book says Trump’s tariffs could raise the U.S. price of the average new car – already approaching $49,000 – by $3,000 or more. The price of some full-size pickup trucks could shoot up by $10,000.
Economic pain brought to you by those who voted for Trump. the consequence of Trump voters’ ignorance, fear, and stupidity.
So what? You’re not buying one. You have no life, no friends and no where to go you commee POS.
Just like trump
AP FACT CHECK: On Jan. 6 anniversary, Trump sticks to election falsehoods
Former President Donald Trump on Thursday continued to cling to false claims that the 2020 election was stolen as the nation marked the one-year anniversary of the Jan. 6 Capitol insurrection.
www.pbs.org
WATCH: Trump was 'simply joking' about canceling the election, Leavitt says
Asked about a comment President Donald Trump made earlier this week about canceling U.S. midterm elections, White House press secretary Karoline Leavitt said "he was speaking facetiously."
www.pbs.org
I don't think a guy who tried to steal 2000 should try and joke about stealing 2026.
/-----/ 12,000 miles is not even broken in yet.
I buy a new one every 3 or 4 years
/-----/ Up until the early 1980s that was a smart move. But today's cars can go 200,000 miles as long as they are maintained. Go by mileage instead of years. Try 50,000 miles when you'd need new tires, a battery, and belts. Every three years, have the car detailed, and it will be like new and save you a fortune.
Have you ever considered leasing? Could save you money and a hassle later on - especially if there are manufacturer "lease specials".
Yes. But i like the idea of owning so i just pay cash after my trade in.
/—-/ Leasing is just renting a car. There are too many pitfalls.
The idea of "owning" a car has been instilled in American culture since we first got our driver's licenses - what a feeling!
If you really buy a car cash every 3-4 years - financially, you are leaving a ton of money on the table.
I was a sales and finance director in the car business for many years - I'll give you the same (insider) advice I would give a family member.
Let's say you buy a new vehicle every 3 years - you trade in your 3 year old vehicle and pay the difference in cash. On the surface sounds like a great idea - no worries about financing - no worries about selling your previous vehicle - and you leave the dealership with the title on the way - what a feeling! And there's nothing wrong with that - if that's what you're comfortable with - do what works for you.
Now the scenario:
The new vehicle you are buying costs $40,000 out the door. They are giving you $20,000 for your trade (You paid $40,000 for it when you bought it 3 years ago). You cut them a check for $20,000 and out the door you go.
As soon as you pull out of the parking lot you get slammed into by someone who wasn't paying attention and your vehicle is a total loss. Good thing you have full coverage insurance - so you're covered.
Unfortunately, the moment you drove that vehicle 1 inch off the lot it's wholesale value (what insurance pays out) depreciated by 30% - so your insurance company cuts you a check for $28,000. And you think, "It's fine - I only wrote a check for $20,000" forgetting the $20,000 they gave you for your trade.
To buy the same vehicle, you now need to come up with an additional $12,000 out of pocket to reach $40,000 total. The new car now costs you $52,000 - $12,000 over sticker. ($20,000 trade + $20,000 initial check + $12,000 new check = $52,000.)
When you go trade it in 3 years later the dealer gives you $20,000 for it - that vehicle cost you $32,000 to drive for 3 years - an average of $10,333 per year.
You could have leased the vehicle (with incentives) for $450 a month with $2000 down - on a 3 year lease. Your total payments would come out to $16,200 + the $2,000 you put down - totaling $18,200. With an average annual cost around $6,000 instead of $10,333. Saving you a total of $13,800.
Even if the vehicle had cost you the initial price of $40,000 (without losing the money in the total loss) - you still save around $3,800 and if your get side swiped driving off the lot - the insurance company will pay the vehicle off in full since you declared it as a lease - costing you $0 instead of taking the $12,000 depreciation hit.
Leasing isn't for everyone - if you drive over $15,000 miles per year and tend to keep your vehicles over 4 years before trading - it wouldn't make sense.
But if you like to drive new cars - under 15,000 miles a year and for 3-4 years - it certainly could be a better option.
The "lease special/deal" also needs to make sense - if your total amount of payments with down payment are over 40-45% of the total cost on a 3 year lease - it likely isn't a "great deal".
Either way - now you know your options. Hope it helps!
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