What Tariffs Mean For Old Cars - The Carmudgeon show
Posted by caterham09@reddit | cars | View on Reddit | 17 comments
Great discussion from Jason and Derek regarding the potential outcome of the collector marketing following the president's tariff announcement. This was a non political discussion which was quite refreshing considering the subject matter
https://youtu.be/H8e0lcoB5AI?si=43C6pHrowp1G_l6s
YinzerInEurope@reddit
Any enthusiast trying to import a 25-year-old car is probably going to have to throw in the towel now. 25% on top of the 2.5%? Game over.
Expensive-Pineapple3@reddit
Latest news seems to be pointing to the fact that 25 year imports are exempt. I’m confirming what my brokerage thinks now but I’m sure it’s all conjecture until the few unlucky folks who already had cars sitting on boats before today pay the toll on this side.
thelastlugnut@reddit
Can someone listen to this 71 minute podcast and just tell me the answer? Thanks in advance.
SmellsLikeTeenPetrol@reddit
Current tariffs apply to old cars and thus affect the classic car market, one of the hosts had to make sure a car from Europe would arrive before April 2nd to save his business 100k in import duty.
JDMClassics@reddit
*$700K in import duty.
SmellsLikeTeenPetrol@reddit
Wow, I'm way off. Must have misremembered. That's even worse than I thought.
thelastlugnut@reddit
Thank you!
GoBSAGo@reddit
Shit’s probably fucked for a multitude of reasons that will hurt a lot of people involved in this industry, and we have no idea if any of this is actually happening.
miamiBMWM2@reddit
Tariffs should raise prices on used cars too as parts will be much more expensive. That means its pricier to bring a used car to good condition for dealer lots and for owners to keep them running well. Servicing costs, mechanics, tires, etc will all cost more too. Demand for used cars will also increase as people avoid buying new thanks to high interest rates and higher new car prices, again because of tariffs.
jse000@reddit
Yep, we're heading back to COVID pricing, if not worse.
deleted_by_reddit@reddit
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mandatoryclutchpedal@reddit
Impact 1 - As consumers absorb the cost increase of new cars that will push the price of used cars up significantly because science.
Impact 2 - As consumer purchasing habits react to the sudden price increase with initial reaction of holding on to cars longer, used car inventory will dip and also Impact market prices of new cars which will then feed back into the loop and raise used car prices.
Impact 3 - Car parts pricing increase will increase cost of all cars sold (see Impact 1 and 2)
Impact 4 - Used car ownership becomes a more expensive proposition, leading to consideration of new car purchases by way of financing (because finance bros gotta get a piece of this pie) resulting in a revisit of impact 1 and Impact 2 with side shake of investment bros making a killing in automotive loan business shenanigans
Impact 5 - Property crime extravaganza. You thought the whole cat converter theft was adorable? Just wait when parts in general are now higher value.
Impact 6 - Insurance cost have joined the chat
I could go on but since I didn't watch the video and have not read comments I feel bad
didimao0072000@reddit
Someone should let the hosts know that it's okay to take a breath and pause every now and then while speaking.
deleted_by_reddit@reddit
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argent_pixel@reddit
Entire car market is going to look like COVID inflation on steroids.