13 Nov 2024 05:00
Episode 89: How Trump’s Victory Could Affect Car Buyers
So... we had an election last week. In this episode, I discuss the potential impacts of the second Trump administration on the automotive industry, focusing on consumer implications, regulatory changes, and the effects of tariffs. I highlight the importance of the CARS rule, the future of electric vehicles, and how tariffs could influence car prices and availability. I also show you how to adapt your car buying strategies in light of these changes, ensuring you remain informed and proactive in your purchasing decisions.Topics
- How changes to federal regulations could overturn the CARS Rule, eliminating transparency in car buying and encouraging deceptive sales practices.
- Electric vehicle tax credits may be targeted, affecting EV sales and costing automakers millions.
- How increased tariffs on imported goods could increase new car price, repair costs and insurance premiums for car buyers and owners.
- What strategies car buyers should use to get a good deal despite regulatory and market changes.
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