What New Auto Tariffs Mean for Car Buyers

March 27, 2025

The White House recently announced significant changes to tariffs affecting the automotive industry. This development could impact consumers looking to purchase imported vehicles in the coming months. Here's what you need to know if you're considering making a new vehicle purchase at Schomp Automotive.

As of March 26, 2025, the U.S. government has imposed an additional 25% tariff on foreign-made cars and auto parts. This brings the total import tariff to 27.5% for many imported vehicles, up from the previous 2.5% rate. Learn more about the tariff changes.

If you're currently shopping for a new vehicle, there's some good news in the short term. Current vehicle prices that are already on the ground will remain stable until then, but significant increases are expected once the new tariffs are implemented. Visit Schomp Automotive now to explore our inventory and secure your new vehicle before potential price changes affect your options.

According to statements from several major automakers, this measure allows dealerships like Schomp Automotive to "take a business-as-usual approach" for vehicles already in transit or allocated. This means that if you purchase an affected model in March or April, you may not see price increases related to the new tariffs.

The situation remains dynamic. Schomp Automotive plans to distribute updated allocation and pricing information in the coming weeks, which will provide more details about vehicle availability from their overseas production facilities.

For prospective buyers, this timeline suggests:

• Now through April: Prices should remain relatively stable for vehicles already on the lot
• May and beyond: Potential for significant price adjustments as the full impact of the tariffs takes effect

If you've been considering purchasing a new [BRAND] vehicle, here are some practical steps to consider:

1. Act soon: If you're seriously interested in an imported vehicle, visiting Schomp Automotive in March or April could save you from potential future price increases.
2. Check production location: Ask your Client Advisor at Schomp Automotive specifically about the production origin of available vehicles, as only foreign-manufactured units and vehicles built with foreign-manufactured parts are affected.
3. Stay informed: Maintaining contact with your Schomp Automotive Client Advisor can help you navigate this changing landscape.

This tariff situation highlights the complex global nature of automotive manufacturing and how policy changes can quickly impact consumer markets. 
As the situation evolves, Schomp Automotive will continue to monitor OEM's responses and what it means for car buyers across the country.

This blog post is based on the latest information available as of March 27, 2025.
Sources: Cars.Com | White House | Car and Driver