Jay Grosman - How Tariffs Could Impact The Automotive Industry

Jay Grosman, FOX 2 Automotive Advisor and founder of iAutoAgent, appeared on FOX 2 News to discuss how tariffs could affect the automotive industry.

The segment focuses on how changes in tariffs may impact vehicle pricing, manufacturing costs, dealership inventory, and the decisions consumers make when buying or selling a car.

Why Auto Tariffs Matter to Consumers

Tariffs can increase costs for automakers, suppliers, and parts manufacturers. When those costs rise, they may be passed down through the market in the form of higher vehicle prices, higher repair costs, tighter inventory, or reduced incentives.

Even buyers who are shopping for used vehicles can feel the effect. If new vehicles become more expensive, more shoppers may move into the used market. That added demand can keep used car prices stronger for longer.

Potential Consumer Impacts

• Higher prices on some new vehicles.
• More pressure on used vehicle demand.
• Higher repair or replacement part costs.
• Changes in dealership inventory and available incentives.
• More uncertainty around when to buy, sell, or trade a vehicle.

What Buyers Should Think About

Buyers should avoid rushing into a vehicle purchase based only on headlines. The better approach is to compare market prices, understand available inventory, review the total cost of ownership, and decide whether the timing makes financial sense.

A vehicle purchase should be based on real numbers, not panic. Pricing, financing, mileage, condition, title history, and long-term ownership costs all matter.

What Sellers Should Think About

Sellers may also be affected by shifts in demand. If inventory tightens or used vehicle demand increases, some sellers may have a stronger opportunity to get more for their vehicle. But pricing still needs to be handled carefully.

Overpricing can cause a vehicle to sit too long. Underpricing can leave money on the table. A smarter sales process helps protect time, money, and safety.

How iAutoAgent Helps

iAutoAgent helps buyers and sellers navigate changing market conditions with a guided process. The company helps with vehicle research, pricing, buyer and seller screening, negotiation, paperwork, payoff coordination, and safer transaction steps.

Whether the market is affected by tariffs, inventory changes, or shifting consumer demand, iAutoAgent helps consumers make more informed vehicle decisions.