New research projects that the national average cost of car insurance could increase 7%. Here's how insurance costs could rise in states by the end of 2025.
Posts tagged as “tariffs”
Through 2030, the new vehicle market downturn will have a variety of consequences, but auto parts volume will continue to grow strongly.
Despite this strong performance, tariffs are estimated to add $4,275 in cost per vehicle on average and many OEMs report significant impacts to their bottom line.
The ABPA has been proactive by asking the U.S. Commerce Secretary to pause the auto parts tariffs, but policymakers still need concrete data from the field.
Presentation will provide an overview of the latest trade and tariff policy developments, including key regulatory updates, enforcement actions, and insights on what may be coming next.
Across the board, businesses are increasingly worried about rising costs and weakened competitiveness, particularly in relation to China.
As tariffs continue to dominate the headlines, SEMA breaks down the latest news and what it means to the specialty equipment industry.
