Supply chain issues, record-high vehicle prices, and personnel disruption in the wake of the pandemic were problematic.
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Value-driven brands are seeing increased interest as consumers search for quality vehicles that align with their tightened budgets.
“The expansion of these tariffs will have far-reaching consequences," says Bill Hanvey, president and CEO, Auto Care Association.
Independent automotive aftermarket also seeks OEM repair data to level the playing field with dealership service and repair centers.
Decision ensures that car owners have the right to access their vehicle's repair and diagnostic data for service and repair.
Automotive parts suppliers have potential avenues to minimize tariff impacts on inventories, supplies and critical production components.
Even with monthlong reprieve, potential 25% tariffs threaten to disrupt production and sales across key markets.
