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TO SAVE AMERICAN
AUTO JOBS

Auto tariffs could add thousands of dollars to the price of a new car.

Policies like increased auto-related tariffs and ill-conceived Border Adjustment taxes drive up prices and drive down sales, hurting American consumers and our economy.

Affordability
Threatens Jobs

The tariffs on auto imports could increase new car prices by thousands of dollars, which would worsen current affordability issues. These issues could have a substantial negative impact on the U.S. economy in general and particularly devastating consequences for the U.S. auto industry.

“At risk are the jobs or the more than 560,000 Americans employed by international brand dealers in the United States, their $40 billion payroll, and the $71 billion they sell annually in parts and services. 25% tariffs will also hit consumers where it hurts, hiking prices by thousands of dollars on the average vehicle sales price. Simply put, our industry is foundational to the American economy and worthy of speedy and sensible negotiations. We look forward to the establishment of new agreements that work for all Americans and drive our economy forward.”

– Cody Lusk, President & CEO of AIADA

Sources: Latest Available Data from Cox Automotive, Bankrate, Edmunds, American Automobile Association (AAA)

The cost will spread across all stakeholders: automakers, dealersand consumers.<br /> Erin Keating, Executive Analyst at Cox Automotive<br />

Consumers Grapple with Rising Costs

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The average cost of a new car is more than $49,000, an increase of 25% since 2019.

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A 25% tariff would add approximately $3,000 to the price of the average new car, and up to $10,000 on larger vehicles like trucks and SUVs.

Source: https://www.kbb.com/car-news/trump-steel-tariff-likely-to-raise-car-prices-this-time

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The imposition of a 25% tariff on all steel and aluminum imports will increase costs for both foreign and domestic cars.

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The average rate on an auto loan is more than 7.1% and the average monthly payment on a new car is an eye-popping $737.

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Tariffs increase the costs of auto parts, resulting in costlier maintenance, repairs, and insurance premiums.

Increased car prices will decrease new car purchases, leading to lower production, revenue, and job losses in the American auto industry.

Auto Industry Reacts

“You add possibly $10,000 to a car being imported from wherever the tariffs hit. It’s a big deal.”

– Cody Lusk
President and CEO, AIADA (The Detroit News)

“If the administration moves forward with a 25% tariff on all auto imports, car shoppers should get ready for some sticker shock at dealerships. If new car prices increase, more buyers will shift toward used vehicles, and as demand rises, so will prices.”

– David Greene
Industry Analyst, Cars.com

“The delays and uncertainty are doing no one any favors, and there is little automakers can do in the near term, as changing sourcing and/or production sites is not an easy task and costly as well.”

– Erin Keating
Cox Automotive

Contact Congress Now

Tell Congress that American car buyers, your customers, cannot afford another hit to their wallets and the American auto industry cannot afford to lose jobs to a trade war.

CONTACT CONGRESS