President Donald Trumpa€™s 25 percent tariffs on all auto-related imports have been called a€oea debacle of epic proportionsa€ and a sure-fire way to tank the auto market by crushing demand. Analysts have been predicting everything from $12,000 per vehicle price hikes to the possible a€oeCubanizationa€ of the US car fleet.
Now that theya€™ve had a few days to process the news, the automakers are starting to get their ducks in a row and make some moves.
Herea€™s how each company is responding:
Audi
Now that the tariffs are in effect, the German automaker is holding all vehicles assembled in Mexico and overseas at US ports until further notice, according to Automotive News. Audi currently has 37,000 units in dealer stock and at port a€" which remain unaffected by the new import fees and are ready to sell. Audi reportedly said it would be marking unaffected units with a $0 a€oeNo Added Import Feea€ option code for easy tracking.
a€oeWe are evaluating how to best proceed for our customers and our dealers,a€ Audi spokesperson Mark Dahncke said.
BMW
BMW hasna€™t announced any specific response yet, but the company said last month that it expected a a‚¬1 billion hit to its 2025 …
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