qr-play-store play store

Your Next New Car Could Cost An Extra $5,000

11 Jul 2018
No comments
424 views
Your Next New Car Could Cost An Extra $5,000

Imagine walking into a dealership to buy a new car and discovering that your preferred vehicle suddenly costs up to $5,000 more than it did not long ago. This situation could happen if President Donald Trump succeeds in raising tariffs on imports. If he does and other countries respond to it, we’re looking at a potential 25 percent tariff which will result in increased vehicle prices regardless of automaker.

 

 

The average new vehicle sold in the US with various discounts factored in costs about $32,000. The 25 percent tariff will be passed down to the consumer resulting in a price increase of $4,000 to $5,000 per vehicle. And that estimate takes in account carmakers absorbing half the cost. Besides, if automakers absorb that same amount per vehicle they’ll have to make cuts in production and labor.

 

 

But what concerns automakers the most are reduced sales because who wants to spend up to $5,000 more on a car for no reason other than tariffs. How could this fiasco potentially be resolved? By eliminating all tariffs on vehicles between the US, Europe, and China.

0 0
Comments:
No comments found
Leave a comment
  • Jaw-dropping deals this Spring at RepoKar
    27 Feb 2017

    Spring is right around the corner! With melting snow comes rising car sales. Longer days and brighter sunlight mean it’s the season to think about the best used cars for spring; vehicles that allow you to appreciate blue skies, while getting a head start to summer. The sooner you decide on your dream car, the greater the possibility of finding the best deals.  At RepoKar, we want to be sure that you've got everything you need to start the season fresh with a smile on your face. That’s why we’ve prepared amazing, hassle free used cars, trucks, and SUVs for our fr...

    0 2
    18
    1039973 views
  • General Motors to lay off 1,100 workers
    06 Mar 2017

    General Motors promised us other things but that’s how it all turned to be, even if it said it will invest $1 billion in U.S. factories now it announced to temporarily cut off 1,100 workers in May as its Lansing Delta Township assembly plant in Michigan shifts production to Tennessee. Last year it added 800 jobs at its spring hill, Tennessee plant to build the new version of GMC Acadia SUV.  The Lansing plant will continue building the Buick Enclave and Chevrolet Traverse after it retools for a month. GM also has announced other U.S. factory cuts. U.S. President Donald Trump ha...

    0 0
    19
    105870 views
  • Subaru Ascent: the New Family Vehicle of the Year
    11 Sep 2018

              Did you ever doubt that Subaru won't produce anything new this year and would just improve other models? We have good news for you! Subaru Ascent's new 8-seat crossover rises above the crowd and tops the lists of the most expected crossovers in 2019.          With flexible seating for up to eight passengers, standard Symmetrical All-Wheel Drive, and up to 5,000 pounds of towing capacity, the family-sized 2019 Ascent makes every day an adventure. The appearance of the model corresponds to the classic image of a massive SUV and ...

    0 0
  • Ready For Fall: Buy A Car From RepoKar Online Auto Auction
    29 Aug 2018

    Summer has officially come to an end. It won’t be long before the weather goes from post-summer comfort to a little brisker and icky. A good car will help traveling more comfortable and more fun. RepoKar can help you get the car.  At RepoKar, you’ll find great autumn car deals for sedans, SUVs, and pickup trucks. As the nation’s largest online auto auction, RepoKar is available in all states and can be accessed from your computer or your phone. Here you will find vehicles at competitive and affordable prices. You'll also meet our helpful team of experts. We make...

    0 0
Search on the blog
Find us on

Last added auctions

2012 Ford ESCAPE
2345 views
19 photos
3,400.00
No bids
2012 Nissan MURANO
3266 views
13 photos
3,500.00
No bids
2000 Honda CR-V
2783 views
12 photos
1,200.00
No bids
2012 Mazda MAZDA3
3103 views
16 photos
2,500.00
No bids