President Trump's newly imposed tariffs on imported vehicles have raised automobile prices dramatically, particularly affecting popular models like the heavy-duty Ram truck. For instance, a truck costing $91,000 is now priced at $120,000 due to these tariffs. Local auto dealer David Kelleher expressed deep concern over the impact of these tariffs on his dealership, highlighting the pressure on profit margins and the potential for increased debt as sales volume decreases. Overall, the tariffs are expected to have serious ramifications on local auto sales and dealer businesses.
I don't think they're coming down the ladder as a result of the tariffs.
I'm very concerned because it's not every car we sell, Kelleher said.
If we lose a car to the tariffs, it really is going to impact our dealerships.
You have to understand, for a dealer ... every piece of volume we lose creates a debt.
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