You guessed it. Tariffs. But curious why they need to raise prices since they got this great tax cut?

Anyway...

Quote:New tariffs imposed by President Donald Trump on auto parts from China will hit carmaker profits, cut sales and threaten to "start a downward cycle" in the critical industry, analysts said unanimously Tuesday.

In addition, if you're in the market for a new car, you probably should get to a dealership soon, because prices are going up.

Trump's latest round of tariffs on Chinese imports will add costs to more than 100 car parts — a 10 percent levy on everything from tires and brake pads to engines and batteries — that go into cars made and sold in the U.S.

"It's going to be felt by Americans and it's going to be a big deal," said Peter Nagle, senior analyst at IHS Markit. "Tariffs are taxes on consumption. Eventually costs will be passed down to the consumer. This will drive vehicle costs higher. It also includes a lot of body shop equipment."

New tariff list creates risk of 'downward cycle' for US auto industry

#MAGA

Well Obama drove up car prices by about 20% deliberately by increasing mileage requirements.

(09-18-2018 12:35 PM)bullet Wrote:  Well Obama drove up car prices by about 20% deliberately by increasing mileage requirements.

Source please so we can discuss. Thanks.

(09-18-2018 12:30 PM)Redwingtom Wrote:  You guessed it. Tariffs. But curious why they need to raise prices since they got this great tax cut?

Anyway...

Quote:New tariffs imposed by President Donald Trump on auto parts from China will hit carmaker profits, cut sales and threaten to "start a downward cycle" in the critical industry, analysts said unanimously Tuesday.

In addition, if you're in the market for a new car, you probably should get to a dealership soon, because prices are going up.

Trump's latest round of tariffs on Chinese imports will add costs to more than 100 car parts — a 10 percent levy on everything from tires and brake pads to engines and batteries — that go into cars made and sold in the U.S.

"It's going to be felt by Americans and it's going to be a big deal," said Peter Nagle, senior analyst at IHS Markit. "Tariffs are taxes on consumption. Eventually costs will be passed down to the consumer. This will drive vehicle costs higher. It also includes a lot of body shop equipment."

New tariff list creates risk of 'downward cycle' for US auto industry

#MAGA

Thanks Obama!

A 2016 Heritage Foundation analysis estimates the Obama fuel economy mandates increased new car prices $6,800 more than the pre-2009 baseline trend, and eliminating the more aggressive standards would save 2025 car buyers at least $7,200 per vehicle. As my colleagues detail, “Economists and engineers accurately predicted that the [model year] 2016 standards would hurt consumers by at least $3,800 per car.”

So Trump has already stepped in to prevent future car prices from skyrocketing. But the current increase has more to do with the ObamaEpa 2016 regs.

https://www.heritage.org/energy-economic...-cars-more

I guess my next car will have to be an American car

(09-18-2018 12:44 PM)UofMstateU Wrote:  

(09-18-2018 12:30 PM)Redwingtom Wrote:  You guessed it. Tariffs. But curious why they need to raise prices since they got this great tax cut?

Anyway...

Quote:New tariffs imposed by President Donald Trump on auto parts from China will hit carmaker profits, cut sales and threaten to "start a downward cycle" in the critical industry, analysts said unanimously Tuesday.

In addition, if you're in the market for a new car, you probably should get to a dealership soon, because prices are going up.

Trump's latest round of tariffs on Chinese imports will add costs to more than 100 car parts — a 10 percent levy on everything from tires and brake pads to engines and batteries — that go into cars made and sold in the U.S.

"It's going to be felt by Americans and it's going to be a big deal," said Peter Nagle, senior analyst at IHS Markit. "Tariffs are taxes on consumption. Eventually costs will be passed down to the consumer. This will drive vehicle costs higher. It also includes a lot of body shop equipment."

New tariff list creates risk of 'downward cycle' for US auto industry

#MAGA

Thanks Obama!

A 2016 Heritage Foundation analysis estimates the Obama fuel economy mandates increased new car prices $6,800 more than the pre-2009 baseline trend, and eliminating the more aggressive standards would save 2025 car buyers at least $7,200 per vehicle. As my colleagues detail, “Economists and engineers accurately predicted that the [model year] 2016 standards would hurt consumers by at least $3,800 per car.”

So Trump has already stepped in to prevent future car prices from skyrocketing. But the current increase has more to do with the ObamaEpa 2016 regs.

https://www.heritage.org/energy-economic...-cars-more

It wasn't that long ago when you could get a new car for under $10k. Now you're lucky to find one for under $25k. To be fair, it started getting out of control before Obama. I just want to be able to get a new dependable car for under $10k, not someone's potential lemon with 50,000 miles on it. If Trump would open up that market, the car industry would explode. I bet you could make a make and sell a 1995 Civic exact replica and sell it for under $5k and still make good money.

(09-18-2018 12:49 PM)EverRespect Wrote:  

(09-18-2018 12:44 PM)UofMstateU Wrote:  

(09-18-2018 12:30 PM)Redwingtom Wrote:  You guessed it. Tariffs. But curious why they need to raise prices since they got this great tax cut?

Anyway...

Quote:New tariffs imposed by President Donald Trump on auto parts from China will hit carmaker profits, cut sales and threaten to "start a downward cycle" in the critical industry, analysts said unanimously Tuesday.

In addition, if you're in the market for a new car, you probably should get to a dealership soon, because prices are going up.

Trump's latest round of tariffs on Chinese imports will add costs to more than 100 car parts — a 10 percent levy on everything from tires and brake pads to engines and batteries — that go into cars made and sold in the U.S.

"It's going to be felt by Americans and it's going to be a big deal," said Peter Nagle, senior analyst at IHS Markit. "Tariffs are taxes on consumption. Eventually costs will be passed down to the consumer. This will drive vehicle costs higher. It also includes a lot of body shop equipment."

New tariff list creates risk of 'downward cycle' for US auto industry

#MAGA

Thanks Obama!

A 2016 Heritage Foundation analysis estimates the Obama fuel economy mandates increased new car prices $6,800 more than the pre-2009 baseline trend, and eliminating the more aggressive standards would save 2025 car buyers at least $7,200 per vehicle. As my colleagues detail, “Economists and engineers accurately predicted that the [model year] 2016 standards would hurt consumers by at least $3,800 per car.”

So Trump has already stepped in to prevent future car prices from skyrocketing. But the current increase has more to do with the ObamaEpa 2016 regs.

https://www.heritage.org/energy-economic...-cars-more

It wasn't that long ago when you could get a new car for under $10k. Now you're lucky to find one for under $25k. To be fair, it started getting out of control before Obama. I just want to be able to get a new dependable car for under $10k, not someone's potential lemon with 50,000 miles on it. If Trump would open up that market, the car industry would explode. I bet you could make a make and sell a 1995 Civic exact replica and sell it for under $5k and still make good money.

One of the issues putting pressure on car prices was cash for clunkers. It removed a giant chunk of the used cars from the market.

(09-18-2018 12:56 PM)UofMstateU Wrote:  

(09-18-2018 12:49 PM)EverRespect Wrote:  

(09-18-2018 12:44 PM)UofMstateU Wrote:  

(09-18-2018 12:30 PM)Redwingtom Wrote:  You guessed it. Tariffs. But curious why they need to raise prices since they got this great tax cut?

Anyway...

Quote:New tariffs imposed by President Donald Trump on auto parts from China will hit carmaker profits, cut sales and threaten to "start a downward cycle" in the critical industry, analysts said unanimously Tuesday.

In addition, if you're in the market for a new car, you probably should get to a dealership soon, because prices are going up.

Trump's latest round of tariffs on Chinese imports will add costs to more than 100 car parts — a 10 percent levy on everything from tires and brake pads to engines and batteries — that go into cars made and sold in the U.S.

"It's going to be felt by Americans and it's going to be a big deal," said Peter Nagle, senior analyst at IHS Markit. "Tariffs are taxes on consumption. Eventually costs will be passed down to the consumer. This will drive vehicle costs higher. It also includes a lot of body shop equipment."

New tariff list creates risk of 'downward cycle' for US auto industry

#MAGA

Thanks Obama!

A 2016 Heritage Foundation analysis estimates the Obama fuel economy mandates increased new car prices $6,800 more than the pre-2009 baseline trend, and eliminating the more aggressive standards would save 2025 car buyers at least $7,200 per vehicle. As my colleagues detail, “Economists and engineers accurately predicted that the [model year] 2016 standards would hurt consumers by at least $3,800 per car.”

So Trump has already stepped in to prevent future car prices from skyrocketing. But the current increase has more to do with the ObamaEpa 2016 regs.

https://www.heritage.org/energy-economic...-cars-more

It wasn't that long ago when you could get a new car for under $10k. Now you're lucky to find one for under $25k. To be fair, it started getting out of control before Obama. I just want to be able to get a new dependable car for under $10k, not someone's potential lemon with 50,000 miles on it. If Trump would open up that market, the car industry would explode. I bet you could make a make and sell a 1995 Civic exact replica and sell it for under $5k and still make good money.

One of the issues putting pressure on car prices was cash for clunkers. It removed a giant chunk of the used cars from the market.

.

Sent from my SM-G955U using Tapatalk

One of the issues putting pressure on car prices was cash for clunkers. It removed a giant chunk of the used cars from the market.
[/quote].

Sent from my SM-G955U using Tapatalk
[/quote]

Dang! How many gallons of milk does that baby give? She could open her own personal dairy.

(09-18-2018 12:44 PM)UofMstateU Wrote:  

(09-18-2018 12:30 PM)Redwingtom Wrote:  You guessed it. Tariffs. But curious why they need to raise prices since they got this great tax cut?

Anyway...

Quote:New tariffs imposed by President Donald Trump on auto parts from China will hit carmaker profits, cut sales and threaten to "start a downward cycle" in the critical industry, analysts said unanimously Tuesday.

In addition, if you're in the market for a new car, you probably should get to a dealership soon, because prices are going up.

Trump's latest round of tariffs on Chinese imports will add costs to more than 100 car parts — a 10 percent levy on everything from tires and brake pads to engines and batteries — that go into cars made and sold in the U.S.

"It's going to be felt by Americans and it's going to be a big deal," said Peter Nagle, senior analyst at IHS Markit. "Tariffs are taxes on consumption. Eventually costs will be passed down to the consumer. This will drive vehicle costs higher. It also includes a lot of body shop equipment."

New tariff list creates risk of 'downward cycle' for US auto industry

#MAGA

Thanks Obama!

A 2016 Heritage Foundation analysis estimates the Obama fuel economy mandates increased new car prices $6,800 more than the pre-2009 baseline trend, and eliminating the more aggressive standards would save 2025 car buyers at least $7,200 per vehicle. As my colleagues detail, “Economists and engineers accurately predicted that the [model year] 2016 standards would hurt consumers by at least $3,800 per car.”

So Trump has already stepped in to prevent future car prices from skyrocketing. But the current increase has more to do with the ObamaEpa 2016 regs.

https://www.heritage.org/energy-economic...-cars-more

Quote:The EPA said the Obama rules would add an additional $2,340 to the overall ownership costs of a new vehicle. Given that the annual cost to own a car is around $8,000, an additional $468 per year over five years for a more efficient car or truck isn’t a deal breaker for most buyers.

The EPA refuted its own bizarre justification for rolling back fuel efficiency standards

And now for some math. I drive roughly 26k miles per year. If my car gets 35mpg and fuel is $2.8999 as it is today, my annual fuel costs are $2,153.55 year. If the standards are implemented and my new car gets just 45 mpg (the Obama mandate is to 55mpg by 2025), my fuel costs drop to $1,675.48 per year. So a savings of $478 each year. So if I keep my car just 5 years, I would save $2,390 in fuel costs which is greater than the additional $2,340 I paid.

(09-18-2018 01:09 PM)Redwingtom Wrote:  

(09-18-2018 12:44 PM)UofMstateU Wrote:  

(09-18-2018 12:30 PM)Redwingtom Wrote:  You guessed it. Tariffs. But curious why they need to raise prices since they got this great tax cut?

Anyway...

Quote:New tariffs imposed by President Donald Trump on auto parts from China will hit carmaker profits, cut sales and threaten to "start a downward cycle" in the critical industry, analysts said unanimously Tuesday.

In addition, if you're in the market for a new car, you probably should get to a dealership soon, because prices are going up.

Trump's latest round of tariffs on Chinese imports will add costs to more than 100 car parts — a 10 percent levy on everything from tires and brake pads to engines and batteries — that go into cars made and sold in the U.S.

"It's going to be felt by Americans and it's going to be a big deal," said Peter Nagle, senior analyst at IHS Markit. "Tariffs are taxes on consumption. Eventually costs will be passed down to the consumer. This will drive vehicle costs higher. It also includes a lot of body shop equipment."

New tariff list creates risk of 'downward cycle' for US auto industry

#MAGA

Thanks Obama!

A 2016 Heritage Foundation analysis estimates the Obama fuel economy mandates increased new car prices $6,800 more than the pre-2009 baseline trend, and eliminating the more aggressive standards would save 2025 car buyers at least $7,200 per vehicle. As my colleagues detail, “Economists and engineers accurately predicted that the [model year] 2016 standards would hurt consumers by at least $3,800 per car.”

So Trump has already stepped in to prevent future car prices from skyrocketing. But the current increase has more to do with the ObamaEpa 2016 regs.

https://www.heritage.org/energy-economic...-cars-more

Quote:The EPA said the Obama rules would add an additional $2,340 to the overall ownership costs of a new vehicle. Given that the annual cost to own a car is around $8,000, an additional $468 per year over five years for a more efficient car or truck isn’t a deal breaker for most buyers.

The EPA refuted its own bizarre justification for rolling back fuel efficiency standards

And now for some math. I drive roughly 26k miles per year. If my car gets 35mpg and fuel is $2.8999 as it is today, my annual fuel costs are $2,153.55 year. If the standards are implemented and my new car gets just 45 mpg (the Obama mandate is to 55mpg by 2025), my fuel costs drop to $1,675.48 per year. So a savings of $478 each year. So if I keep my car just 5 years, I would save $2,390 in fuel costs which is greater than the additional $2,340 I paid.

1. If you financed your car, you are paying interest.
2. When schit breaks on these fancy, high tech new cars, they are hella expensive to fix. I'm actually driving a $700 clinker I got from someone on Craigslist right now, because I didn't want to spend $2,500 to get my other car past inspection (fake airbag light).
3. The $2,340 is overall ownership costs, not sticker price. All this is already factored in.

Again, I don't want new technology and bells and whistles and couldn't care less about fuel consumption. I want something reliable that will get me through my 10 mile commute from point A to point B at the lowest cost possible.

One car that was great was the pre 1975 VW Beetle. Low maintenance and the air cooled engine was a stroke of genius.


Sent from my iPad using Tapatalk

(09-18-2018 01:38 PM)Jjoey52 Wrote:  One car that was great was the pre 1975 VW Beetle. Low maintenance and the air cooled engine was a stroke of genius.


Sent from my iPad using Tapatalk

Another was the Jeep Wagoneer from the 80s.

(09-18-2018 01:38 PM)Jjoey52 Wrote:  One car that was great was the pre 1975 VW Beetle. Low maintenance and the air cooled engine was a stroke of genius.


Sent from my iPad using Tapatalk

I had a '69 VW. I loved to drive it but not in the summer or the winter. Hot in the summer, no AC and cold in winter, heater sucked. But, I still loved that car...one of many that I've owned.

(09-18-2018 01:09 PM)Redwingtom Wrote:  

(09-18-2018 12:44 PM)UofMstateU Wrote:  

(09-18-2018 12:30 PM)Redwingtom Wrote:  You guessed it. Tariffs. But curious why they need to raise prices since they got this great tax cut?

Anyway...

Quote:New tariffs imposed by President Donald Trump on auto parts from China will hit carmaker profits, cut sales and threaten to "start a downward cycle" in the critical industry, analysts said unanimously Tuesday.

In addition, if you're in the market for a new car, you probably should get to a dealership soon, because prices are going up.

Trump's latest round of tariffs on Chinese imports will add costs to more than 100 car parts — a 10 percent levy on everything from tires and brake pads to engines and batteries — that go into cars made and sold in the U.S.

"It's going to be felt by Americans and it's going to be a big deal," said Peter Nagle, senior analyst at IHS Markit. "Tariffs are taxes on consumption. Eventually costs will be passed down to the consumer. This will drive vehicle costs higher. It also includes a lot of body shop equipment."

New tariff list creates risk of 'downward cycle' for US auto industry

#MAGA

Thanks Obama!

A 2016 Heritage Foundation analysis estimates the Obama fuel economy mandates increased new car prices $6,800 more than the pre-2009 baseline trend, and eliminating the more aggressive standards would save 2025 car buyers at least $7,200 per vehicle. As my colleagues detail, “Economists and engineers accurately predicted that the [model year] 2016 standards would hurt consumers by at least $3,800 per car.”

So Trump has already stepped in to prevent future car prices from skyrocketing. But the current increase has more to do with the ObamaEpa 2016 regs.

https://www.heritage.org/energy-economic...-cars-more

Quote:The EPA said the Obama rules would add an additional $2,340 to the overall ownership costs of a new vehicle. Given that the annual cost to own a car is around $8,000, an additional $468 per year over five years for a more efficient car or truck isn’t a deal breaker for most buyers.

The EPA refuted its own bizarre justification for rolling back fuel efficiency standards

And now for some math. I drive roughly 26k miles per year. If my car gets 35mpg and fuel is $2.8999 as it is today, my annual fuel costs are $2,153.55 year. If the standards are implemented and my new car gets just 45 mpg (the Obama mandate is to 55mpg by 2025), my fuel costs drop to $1,675.48 per year. So a savings of $478 each year. So if I keep my car just 5 years, I would save $2,390 in fuel costs which is greater than the additional $2,340 I paid.

And now for some REAL math....

The increased fuel efficiency would have been factored into the value known as 'overall cost of ownership", the figure from which you are attempting to subtract 'again' something that would have been obvious in the analytics. So too would the increased cost of repairs of a new vehicle relative to the increased frequency of repairs to an older one etc etc etc.

Not trying to be ugly... There are all sorts of debatable things in some of this analysis and 'your experience may vary', but such obvious things would not have been missed.

A large part of the problem with tariffs causing issues is due to the fact that domestic supply chains that used to exist at one point are no longer there. Also, isn't a living wage or a fair wage something you personally believe in? You do realize that many of these parts made by Chinese firms are done with "slave labor". You realize that Apple products are made by Chinese "slaves" as well as those Nike shoes. This is the hypocrisy that amazes me. In the U.S. - Dems are demanding "social justice" for poorer people by requiring higher wages to be paid out. However, I'm seeing these same Dems come out looking like "free traders" and scaring the crap out of people with promises of soaring prices for everything. Where do you guys think higher wages come from???

(09-18-2018 12:30 PM)Redwingtom Wrote:  You guessed it. Tariffs. But curious why they need to raise prices since they got this great tax cut?

Anyway...

Quote:New tariffs imposed by President Donald Trump on auto parts from China will hit carmaker profits, cut sales and threaten to "start a downward cycle" in the critical industry, analysts said unanimously Tuesday.

In addition, if you're in the market for a new car, you probably should get to a dealership soon, because prices are going up.

Trump's latest round of tariffs on Chinese imports will add costs to more than 100 car parts — a 10 percent levy on everything from tires and brake pads to engines and batteries — that go into cars made and sold in the U.S.

"It's going to be felt by Americans and it's going to be a big deal," said Peter Nagle, senior analyst at IHS Markit. "Tariffs are taxes on consumption. Eventually costs will be passed down to the consumer. This will drive vehicle costs higher. It also includes a lot of body shop equipment."

New tariff list creates risk of 'downward cycle' for US auto industry

#MAGA

This is much like the recent 10% price increase by Coca Cola on soda due to the increase in aluminum costs. Know what I noticed--the generic soda is still the same price. Another thing I noticed---aluminum prices went up by 10% and the cans make up 10% of the cost of a can of soda. Do the math. Thats a 1% increase in costs--but it spurred a 10% increase in cost of Coca Cola? Its a profit grab. Its needed becasue soft drink sales are dropping and thats what Coke needed to do increase profits. My prediction is you will see that Coke price increase rolled back soon because the laws of supply and demand have not been repealed.

Meanwhile, cars sales are slumping and rebates/incentives are hitting new highs. The auto price increase will be irrelevant as it will be offset by incentives. Demand isnt strong enough to support a price increase. It is what it is.

Democrats will charge for every stupid bullshite that comes along. Ask them to pay a little more to save America and they whine.

Democrats hate America

(09-18-2018 02:41 PM)miko33 Wrote:  A large part of the problem with tariffs causing issues is due to the fact that domestic supply chains that used to exist at one point are no longer there. Also, isn't a living wage or a fair wage something you personally believe in? You do realize that many of these parts made by Chinese firms are done with "slave labor". You realize that Apple products are made by Chinese "slaves" as well as those Nike shoes. This is the hypocrisy that amazes me. In the U.S. - Dems are demanding "social justice" for poorer people by requiring higher wages to be paid out. However, I'm seeing these same Dems come out looking like "free traders" and scaring the crap out of people with promises of soaring prices for everything. Where do you guys think higher wages come from???

From the government.....

Isn't it the liberals wet dream for everyone to be stuck using mass transit anyway?