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The managing director of Carvana, who sells used online cars, said the costs of President Trump can only his business by expanding the call to vehicles.
By Neal E. Boudette
Automobile brands are concerned that the costs of President Trump in imported cars and automotive portions that soon accumulate their costs and begin to eat profits.
But at least one company in the automotive industry believes that costs can simply give it an elevator. This corporate is Carvana, an online store of used cars that has acquired a reputation to buy cars in unique “automatic” towers.
The costs of Trump, which come with taxes of 25% of cars made in Mexico, Canada, Germany and many other countries, accumulating the costs of new cars and trucks, which forces more cars buyers to opt for a used vehicle. An agreement to reduce the costs of Chinese imports that management announced on Monday will not modify costs in cars and automotive pieces.
“As the costs of cars increase, Carvana is probably located to be relatively advantageous, while consumers look for high quality cars at a decrease price,” said the company’s founder and managing director, Ernie García, last week. “We, which will make them go to used cars and savings that will be made through online purchases. “
Trump said he had imposed costs with the hope of forcing brands to make more goods and create more factory jobs in the United States, he also said that costs would help achieve other objectives, such as reducing unauthorized immigration and smuggling drugs.
Automobile brands are for the impact.
In recent days, General Motors said the charges would increase their charges of $ 2. 8 billion to $ 3. 5 billion this year, even taking into account the measures that the corporate takes to adapt. Ford Motor, which manufactures more cars in the National Point than G. M. , estimated that charges would charge you $ 1. 5 billion per net. Toyota Motor, who imports many cars from his country of origin, Japan, said the charges would charge him $ 1. 3 billion in March and April.
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