Polled car consumers say they would change their buying behavior in various ways in response to threatened U.S. tariffs on imported vehicles.
That’s according to a Cox Automotive survey. Rebecca Lindland, executive analyst for Kelley Blue Book, a Cox brand, highlights survey results during a session at the Center for Automotive Research’s Management Briefing Seminars here.
The Trump Admin. has threatened to slap 25% tariffs on vehicles imported from other countries, particularly European nations and China.
In reaction to such tariffs, 30% of consumers surveyed by Cox say they would switch to another vehicle.
Eighteen percent say they would switch from shopping for new vehicles to shopping for certified pre-owned autos.
