Auto dealers face uncertainty as tariff hikes loom
Los Angeles — With a 25% tariff on imported vehicles and vehicle parts from Canada and Mexico set to take effect on April 2 as part of President Trump’s trade wars, car shoppers are unsure about whether to buy now or risk facing higher prices later.
Even after 20 years of selling cars, general manager Brandon Wishengrad still can’t predict how impending tariffs will impact prices at his family’s Nissan dealership in Los Angeles.
Wishengrad admits he doesn’t know what to say to customers about whether prices could change.
“It’s tough to say,” Wishengrad said. “At the moment, I think we know just as much as anybody else does.”
The average cost of a new car could increase anywhere from $3,500 to $10,000 if the tariffs take effect, according to estimates from the Anderson Economic Group. That potential uptick also depends on where the parts come from.
Jessica Caldwell, …