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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 pri...
BMW has warned that it may be forced to reduce investment and slash its workforce at its Spartanburg, South Carolina, production facility if President Trump succeeds in imposing a 20 percent tariff on imported EU-built vehicles. This plant happens to be BMW’s largest in the world and ships more than 70 percent of its annual production output to other countries. But how can US tariffs on imports affect Spartanburg? Because other countries, such as China, have threatened to retaliate against the US imposed tariffs on their goods with tariffs of their own. China being one of Spar...
Because of low gas prices, people are trading their small cars for large trucks and SUVs. Back in 2013, the US car market was split between cars and trucks, but trucks have seen a massive boom in popularity. Automotive News reports that through May 2018, trucks outsold cars by two-to-one. Automakers like Ford are changing their strategies, killing off small sedans and hatchbacks to focus on SUVs and mid-size trucks. Many experts predict that truck sales will continue to grow well into the next decade. As trucks become more popular, cars are experiencing their worst sales year in dec...
For many years the most luxurious off-road capable SUV was the Land Rover Range Rover. Today, the Bentley Bentayga is on the scene and the Rolls-Royce Cullinan will go on sale soon. Now that the competition for Jaguar Land Rover grows, it makes sense for them to study its rivals. JLR believes the Bentley Bentayga infringes on its patent regarding its Terrain Response technology. JLR sued Bentley Motors earlier this month in Federal District Court in Alexandria, Virginia, over a patent infringement. They claim Bentleys All Terrain Specification comes with a Drive Dynamics system that...
Volvo had barely savored its new factory in Charleston, South Carolina before newly imposed tariffs threatened its future. This plant was opened to build the all-new S60 sedan as well as the next-generation XC90 SUV. Volvo was set to hire around 4,000 new employees, but Automotive News Europe reports that these plans might be up in the air due to the fear of the tariffs. If these tariffs are imposed, it could have a major effect on Volvo’s new factory. Volvo’s CEO Hakan Samuelsson said that if there are trade barriers and restrictions, they won’t be able to create ...
