Trump's auto tariffs expected to cost industry over $100 billion, with millions fewer cars sold

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6. I bought a new vehicle last week

I had been thinking of waiting until the summer but decided to get in before the tariffs hit. A 2025 Acura RDX. Assembled in Ohio but with about 50% foreign made parts.

A couple of weeks ago the dealership was advertising $3K discounts on the almost $60K vehicle on the Internet but none were offered on the day I was there. The dealership was the only one in the Tampa area.

I was at the dealership for four hours. I was the only sales customer there.

The sales manager told me they expect at least a 10% increase in price with no discounts. He said they expect it to really hurt sales.