NADA fully appreciates the administration’s desire to address the loss of manufacturing jobs, the ballooning U.S. trade deficit and the uneven international trade playing field. But tariffs or quotas on autos poses a significant risk for dealerships and customers. Studies predict a tariff, if enacted broadly, would lead to higher new and used vehicle prices, a loss of dealership jobs, less choice and decreased competition, a loss of state and local taxes, a decline in fleet turnover, and more.

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