OUCH, This is a big hurt as the details of how a 25% tariff will play out on the auto prices.
https://www.msn.com/en-us/money/companies/implemented-or-not-trump-s-25-tariff-threat-is-challenging-the-auto-industry/ar-AA1ybfK6?ocid=msedgntp&pc=W069&cvid=f8ace88f37f148288cd3f5276396c104&ei=42
Quote:
Wells Fargo estimates that 25% tariffs on Mexico and Canada imports would cost the traditional Detroit automaker billions of dollars a year. The firm estimates the impact of 5%, 10% and 25% tariffs on GM, Ford Motor and Chrysler parent Stellantis would collectively be $13 billion, $25 billion and $56 billion, respectively.
S&P Global Mobility, formerly IHS Markit, estimates a 25% duty on a $25,000 vehicle from Canada or Mexico would add $6,250 to its cost — some if not most of which could be passed on to the consumer.
Here are the automakers that are most exposed to tariffs on vehicles imported from Mexico, based on the percentage of their U.S. sales being produced south of the border:
Volkswagen: 43%
Nissan: 27%
Stellantis: 23%
GM: 22%
Ford: 15%
Honda: 13%
Toyota: 8%
Hyundai: 8%
So, a $25,000 auto will become a $31,250 auto due to the Tariffs.
Get ready for MASSIVE INFLATION under the incompetent leadership of the U.S.
Ford Mach-e that are manufactured in Mexico have an Average transaction price of $40,959 with a 25% tariff, that will be a Tariff of $10,240 so a purchase price becomes $51,199
OUCH, it hurts to see all the bets against our country and stock market for things falling, but sadly the leadership has not given me any reason to not see the country stock market falling this year.
Hedge funds bet billions on market crash in Trump’s America