TYSONS, Va. (March 27, 2025)—NADA released the following statement on Thursday regarding President Donald J. Trump’s announcement that his administration will impose 25 percent tariffs on imported automobiles and certain automobile parts:

“Matching customers with vehicles they can afford has been a continuing challenge for America's new car and truck dealers. The tariffs announced Wednesday could put the purchase of a new car out of reach for an increasing number of American consumers. It is essential that the potential impact of tariffs on consumers and main street businesses be fully considered.”
 

TYSONS, Va. (Feb. 4, 2025)—NADA President and CEO Mike Stanton on Tuesday issued the following statement in response to proposed and implemented tariffs on Canada, Mexico and China:

“New-car affordability is a persistent challenge for consumers and dealers alike. Tariffs on U.S. trading partners, who are vital to our automotive supply chains, would make it harder for average Americans to afford the new vehicles of their choice. It is our hope that we can address many of our nation’s challenges without the use of tariffs that would so significantly impact the U.S. auto industry, jobs and consumers.”