Tariff Impact Auto Dealers

There has been a lot of discussion in the press recently about the various tariffs the President has imposed on China. They have extended across a range of products to balance the trade deficit and act as a catalyst to create a long-term trade agreement. While many of these tariffs are aimed at intellectual property related products, the 25% tariff on steel and 10% tariff on aluminum, are of greatest concern to the automotive industry. The flood of news stories has left many dealerships wondering if these changes will adversely impact their business in new car, used car, part sales, and maintenance services.