New tariffs mean nearly $2,000 more per car for American buyers. Get the full breakdown. Why your next vehicle purchase is about to get a lot more expensive. The projected $30 billion in tariffs could reduce auto sales by a million units. #EconomicImpact #CarPrices#AutoTariffs
00:00American car buyers are in for a costly surprise as new auto tariffs, championed by President Donald Trump, take effect.
00:08A recent analysis from Alex Partners Project's vehicle prices in the U.S. will rise by nearly $2,000 per car.
00:16While analysts anticipate an eventual rebound to 17 million annual sales by 2030.
00:23The immediate future is challenging for the automotive industry.
00:26Major players like GM and Ford are bracing for multi-billion-dollar hits.
00:32Consumers, meanwhile, could face shrinking incentives for electric vehicles, a continued dominance of gasoline-powered cars, and increasing reliance on Chinese EV battery technologies.
00:45A staggering 80% of this tariff burden, approximately $1,760, is expected to be passed directly to consumers.
00:54Mark Wakefield, global auto market lead at Alex Partners, warns of a big wall of cost, with consumers bearing the brunt.
01:03These projected $30 billion in tariffs could slash auto sales by 1 million units over the next three years.
01:11The move, intended to protect domestic manufacturing, appears to be backfiring on the very consumers it purports to help.
01:19Creating a significant roadblock for an industry already navigating complex global supply chains and technological shifts.
