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tariffs

Trump Administration Puts Chinese Tariffs on Hold

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Back in September of 2018, Paul A. Eisenstein of NBC News reported that U.S. President Donald Trump’s plan to implement tariffs automobiles and auto parts imported from China would potentially cause the loss of over 700,000 jobs as well as a significant drop in car sales and a massive blow to the country’s GDP. This […]
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automotive research

What’s Going on With Trump and Tariffs

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President Trump’s race to make America’s economy great again pretty much stalled from the word “go” largely thanks to the Commander in Chief’s own trade policy. From the beginning of his 2016 campaign, Trump made it clear that he planned on putting America first when it came to trade. This meant promoting American-based industries and […]
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Trump

Commerce Department Set to Release Report Regarding Imported Autos and...

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After a long wait, the U.S. Department of Commerce is set to release its report regarding the national security status of automotive imports. Throughout his presidency, Donald Trump has stuck to his statements that the automotive industry is one of the industries hit the hardest by “unfair” trade practices by other countries and that steps […]
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Wes Lutz

2018 NADA Chairman Wes Lutz Reflects on a Successful Year

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The 2019 NADA Convention is officially in the history books, but before it ended we had a chance to catch up with Wes Lutz,...
transaction rates

How Rising Transaction Rates Could Affect Your Dealership’s Bottom Line...

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The auto industry ended on another high for 2018, and 2019 is poised to be another strong year as well. While higher interest rates and tariffs present some challenges, there are still plenty of ways to remain profitable. On today’s show, Jim speaks to Steve Finlay, editor at Ward’s magazine to discuss rising transaction rates and […]
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Automotive Industry

Five Major Automotive Industry Developments in 2018

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In regard to the automotive industry, 2018 has been a year of continued innovation and various technological advancements. The year has also been a setting of changing attitudes related to how consumers purchase vehicles, their preferences, and what they expect the future to hold regarding car ownership. Over the past few years, there have been […]
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GM

How GM’s Layoffs will Affect the Auto Industry in 2019

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GM announced last week that it would close five factories and lay off nearly 15,000 workers in a move that may be indicative of an economy preparing to slow down. This move by GM comes amid sluggish sales and a changing market. Many factors are likely involved in this decision, including shifts in consumer tastes […]
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used cars

Reasons Why Used Cars Have a Stronger Appeal than Ever

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According to Edumunds.com and other experts in the industry, used car sales are expected to continue rising through 2020. An estimated 39 million used cars are expected to be sold in 2018 before year’s end. This rise in used car demand and pricing comes in spite of predictions made earlier this year that used car […]
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tariffs

Studies Show Tariffs Will Lead to Steep Price Increases

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By now, most have heard something about the Trump Administration’s planned auto tariffs. The president campaigned under promises to help a flagging auto industry through a 25% tariff on auto parts, including tires and steel. Back in May, Trump reiterated his commitment to the industry, tweeting, “There will be big news coming soon for our […]
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NAFTA

Unofficial NAFTA Talks Are ‘Very Likely’ at Next U.N. Assembly...

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After making little progress with negotiations last Thursday in Washington, D.C., Canadian Foreign Minister Chrystia Freeland and U.S. Trade Representative Robert Lighthizer are expected to once again hold informal NAFTA talks on the edge of the 73rd annual U.N. General Debate in the coming days. NAFTA, or the North American Free Trade Agreement is a […]
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