Momentum USA President John Paul Amalfe shares his perspective and contingency plans for his company in light of the looming tariffs and more.
Posts tagged as “tariffs”
Dealers say mechanical inspections are only completed 59% of the time at auction or trade-in. It's a slippery slope as tariff tensions rise and parts prices can escalate.
Distributors have reason to be optimistic for the likely increase in demand for parts but face significant transportation challenges in getting product to market.
The question isn't "How do we survive tariffs?" It's "Are we building the kind of operation that can absorb any shock and emerge stronger?"
Industry is still in the aftermath of significant EV pull-ahead sales volume before tax credit expiration and before tariff-related price increases took effect.
Close to one-third of U.S. automakers expect parts and service to contribute no less than half of their entire revenue within the next five years.
"The $20,000-vehicle is now mostly extinct, and many price-conscious buyers are sidelined or cruising in the used-vehicle market," says analyst.
