Car prices to rise due to tariffs and certain vehicles possibly ...

Status
Not open for further replies.
To my understanding there are plenty of car factories inside the US, both domestic and foreign. So to me the tariffs sounds like a bit overblown issue, but then again i might be wrong. What brand new cars do US import anyway?
 
BMWTurboDzl said:
Ya. Apparently all of this nonsense based on the opinion of one economist. It's why some little French archipelago of 6000 people who sold $3M in Tuna to the US now has a 50% tariff.
Click to expand...
Even better, it appears that this was a fake economist, a made up name for someone who never existed.
 
ATex7239 said:
Oh no! That means Karen may not get a new Tahoe Z71 to haul her two kids and bad attitude around the burbs. And Ken may not get a new Platinum F150 to haul around his golf clubs and beer belly.

Now their other middle age friends won’t think they are cool anymore. What is this country coming to?!?!
Click to expand...
I could laugh but that is pretty close to reality ...
 
fdcg27 said:
Even better, it appears that this was a fake economist, a made up name for someone who never existed.
Click to expand...
If you want the name I'll give it or you can find the article about it in the WSJ. I'm talking about how the individual figures were arrived at.
 
Last edited:
ATex7239 said:
Oh no! That means Karen may not get a new Tahoe Z71 to haul her two kids and bad attitude around the burbs. And Ken may not get a new Platinum F150 to haul around his golf clubs and beer belly.

Now their other middle age friends won’t think they are cool anymore. What is this country coming to?!?!
Click to expand...
I thought the premise was increase import taxes/tarrifs and subsequently decrease the income tax. I think folks are forgetting that. Figure I saw was an average of $2100 increase in costs to an average household based on these new tarrifs. For me, no cares and if I can get 2x that reduced in income taxes reduction, cool. If you are poor, well, this isn't great for you b/c unless there is an offseting refundable tax credit (you get the money back but didn't pay it in) for lower income folks, it's a bigger deal than just Karen and her Z71. I'm going to put my annual money in my SEP IRA this week (great timing!) before 4/15 tax day and I own all my vehicles so whatever. Time to buy some TP bottled water and ammo 🤣 Ok, time to go out and fiddle with my VWs and take pictures of oil filters.
 
Local news posted this 1 local car dealer----“Between Friday, Saturday and Monday, we sold over 100 cars,” said Jim Haertzen, GM at Luther Brookdale Honda. “Probably never seen anything quite like this over such a short period of time.”
 
TiGeo said:
I thought the premise was increase import taxes/tarrifs and subsequently decrease the income tax. I think folks are forgetting that. Figure I saw was an average of $2100 increase in costs to an average household based on these new tarrifs. For me, no cares and if I can get 2x that reduced in income taxes reduction, cool. If you are poor, well, this isn't great for you b/c unless there is an offseting refundable tax credit (you get the money back but didn't pay it in) for lower income folks, it's a bigger deal than just Karen and her Z71. I'm going to put my annual money in my SEP IRA this week (great timing!) before 4/15 tax day and I own all my vehicles so whatever. Time to buy some TP bottled water and ammo 🤣 Ok, time to go out and fiddle with my VWs and take pictures of oil filters.
Click to expand...
Supply and demand will still apply. Any taxable offset elsewhere could quickly be negated by increased demand driving up prices on non tariffed goods. I think poor people will actually fair better from this than the average middle class family. Lower income people know how to deal with not having as much and adapting to it (ie, consuming less.) This is a foreign concept to the fat and sassy Ken and Karen types keeping up with the Joneses.

I’ve moved some things around myself in anticipation of any panic selling when the “uncertainty of the market” scares people into making stupid decisions. I love a good fire sale.

Definitely buy more ammo. You can just shoot out the hunger if you need to. And buy more oil cause we all know oil hoarding is the key to offsetting financially uncertain times.
 
GON said:
Great comment.

I remember as a kid in the 1960s/1970s, most adults in the U.S. drove Vega, Pinto, Chevette, VW Beattle, etc. Air conditioning in a car was almost exclusively for the "high flutters". Government had very small debt/deficit, and overall lived within its means. Manufacturing and exports was a key component of the U.S. GDP in the 1960s/1970s. One might do a chart showing as the U.S. debt/deficit grew beyond comprehension, so did the niceness of personal vehicles.

I watched a law enforcement vehicle chase on video yesterday. The chase was through rural Arkansas. Every single vehicle filmed on the highway in the opposite direction was a later model full-size pickup. Not dinging anyone for their selection of vehicle. But for a nation catastrophically deep in debt and deficits, along with unending year over year trade deficits, we sure do seem like we are living large. What happens when the federal government credit card "gets rejected"?

When individuals live a "high" lifestyle, above their means, using credit cards, the end-state is always bankruptcy. These individuals are able to recover from bankruptcy. I am not sure a federal government has the ability to declare bankruptcy. So, a government might try and take the hard and painful road of making tough but very necessary changes. Or the government can keep applying for more credit cards, kick the can down the road--- and we all know how that story ends.
Click to expand...
Dang, your comments hit a lot of nerves for us older guys, but in reality you are stating nothing that we don't already know.

I wonder what caused us, as a country, to move towards an entitled lifestyle? Our gasoline is pitifully cheap and yet we complain (less than 1978, inflation adjusted). Bigger, more luxurious everything is the norm - houses, cars, you name it. Remember when Formica was the standard counter top? Our phones, television, heated car seats. I could go on and on.

Is it our (consumer) fault? Industry/corporations pushing cheap? Corporate greed? Greed in general? Laziness? Any answers from you all???????

I see the current situation as simply a much needed readjustment. Look back at history and our big market adjustments have always been painful. I experienced it the worst during the early 1980's recession (a whopper in Michigan). Sold our house and moved down state to keep my career and family intact. We survived. I am grateful for what I have.
 
Last edited:
JeffKeryk said:
That's a key reason I bought 2 Teslas. Made right up the road from me, maybe 15 miles. I used to work across the freeway at Lam Reaearch. The workers were important to me; the CEO, not so much.
Click to expand...
Since the CEO is anti-union (among other things) and I can't use an E-car (but probably consider it eventually) Tesla isn't on my list although I like the Model 3.
 
Status
Not open for further replies.

Similar threads

GON
Ford recalls over 850,000 cars in the US due to potential fuel pump failure
2 3 4
Replies
73
Views
2K
ARCOgraphite
GR_CoB
Cheap cars are back, but...
3 4 5
Replies
88
Views
3K
scoot
M
The used car market is tough. I need to change my approach.
2 3 4
Replies
76
Views
3K
tbm5690
N
What new vehicle / engine is worth owning ?
2 3 4
Replies
66
Views
4K
GaryMX5
P
Thoughts on Buyback Vehicle
2
Replies
39
Views
2K
panthermike
Back
Top Bottom