Which Proposed Tariffs Could Affect Your Next Car?

APMA
Feb 3, 2025
1 min read

Stef Schrader, Cars.com

February 3, 2025

Multiple manufacturers told Automotive News that the tariffs could bring the industry to a halt, with Automotive Parts Manufacturers’ Association CEO Flavio Volpe telling the outlet that 25% tariffs are “15% higher than anyone’s profit margins.” Those extra import costs could reportedly increase the price of a new car by an average of $3,000.

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