Car Prices Will Rise $3,000 Because of Tariffs

Sunday, February 02, 2025

President Donald Trump's tariffs against Canada and Mexico will threaten production at automakers across North America and send record vehicle prices even higher, with about a quarter of a trillion dollars in trade set to be disrupted. ... At the consumer end of the supply chain, the average price of a new car may climb by about $3,000, Wolfe Research analysts have said, further straining affordability with prices already close to all-time highs.

Posted by retort at 10:07 PM | 8 COMMENTS | permalink

"The auto sector is going to shut down within a week," said Flavio Volpe, president of Canada's Automotive Parts Manufacturers' Association. "At 25%, absolutely nobody in our business is profitable by a long shot."

Comments

The auto sector is going to shut down within a week

The bankruptcy-prone orange turd strikes again.

#1 | Posted by reinheitsgebot at 2025-02-03 08:04 AM

In Trump world, there is no win-win in any negotiation. Furthermore, there is never an end to negotiations. These tariffs are the opening gambit in the renegotiation of the North American trade deal between the US, Canada and Mexico. Leaders of Mexico and Canada need to recognize this and respond in kind; maybe even upping the ante. Tell business in their countries to remove US made goods from their shelves. Use Trump's words against him: tell US companies to build factories in their countries if they want to sell to Canadian and Mexican citizens. Finally, openly court trade relationships with European and Asia suppliers and each other.

#2 | Posted by FedUpWithPols at 2025-02-03 08:38 AM

MAGA is too stupid to know that they are stupid.

Maybe they'll have this vague sense that something is going wrong...

Then they'll go back to finding that migrant under their beds.

He won't be there. Again.

#3 | Posted by Zed at 2025-02-03 08:49 AM

We all know how this will end up.

MAGA will be reduced to selling fentanyl to one another in order to survive.

#4 | Posted by Zed at 2025-02-03 08:51 AM

Wait. King Dotard I declared that USMCA was the greatest trade agreement ever. Now he wants to renegotiate? What went wrong? Or does he want to has out the greatester trade agreement ever? Dotard II clearly is a guy not taking 'Yes' for an answer. He clearly must win everything, from his morning defecation to his golf game to world domination.

At this point the best we can hope for is a heart attack--for him or us...

#5 | Posted by catdog at 2025-02-03 09:40 AM

Hey red states....enjoy.

Canada sells us 70% of our lumber.

Canada sells us 60% of our oil.

Canada just pulled all liquor produced in red states off the shevles.

"Walking around a B.C. liquor store in Vancouver on Sunday afternoon, it's easy to notice many shelves are left empty with signs reading "Buy Canadian Instead" sitting on these lone shelves, reminding people about the ongoing trade war with the closest neighbour.

Eby is pulling popular "red-state" American booze, including Jack Daniels whiskey and Bacardi rum, from the shelves in response to the U.S. imposing 25 per cent tariffs on most Canadian imports starting Tuesday."

"Every year, LCBO sells nearly $1 billion worth of American wine, beer, spirits and seltzers. Not anymore," Ford said. "There's never been a better time to choose an amazing Ontario-made or Canadian-made product."

#6 | Posted by Nixon at 2025-02-03 09:50 AM

okay... fine... they need to be more expensive anyways... noooooo problem.

#7 | Posted by RightisTrite at 2025-02-03 11:33 AM

Thanks, Trumpers!!

(have I said that before?)

#8 | Posted by Corky at 2025-02-03 01:52 PM

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