Hello. Given what happened in the other thread, I think the mods are going to have a very low tolerance for closing this thread.
Thanks to those of you who have already self-moderated your comments.
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I prefer US bacon over Canadian bacon anyways⌠and good thing I donât really like avocados. 
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In 2008 the housing market was ****** and there was no easy way out. The acute short-term damage can undone by the stroke of a pen. Companies have to see the presidentâs tolerance for pain before taking drastic steps. I agree that if these stick there will be economic contraction but my totally not a K street insider view from inside the beltway is no one has any idea what happens if the economy actually starts shedding jobs.
Interestingly, while I was typing I got this twitter alert. If course this is probably somewhat worse with some tariffs being higher than 10% although Mexico and Canada are exempt.
A post was merged into an existing topic: Off-Topic Landfill 6
Youâre not wrong. People are broke AF right now and paycheck to paycheck. Good luck if jobs go away
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Jobs are everything. Jobs largely represent the consumer, the economy, etc. Not to mention, most jobs have a 401(k), which is a huge part of flows that feed the beast (stock market). When the beast is fed less, it gets angry. Folks still have a lot of equity in their homes, and I suspect weâve reached the stage where 3% mortgages will be sacrificed to take cash out to stay afloat. It would take a monumental shock in housing to stop folks from being able to do that. Otherwise, there will be a big rush to do this, while theyâre still employed.
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I persuaded my aunt not to rush out to replace her perfectly good car. For one thing, because dealers know what they got, and for another, because thereâs an outside risk that Mazda, her preferred brand, wonât stick around.
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Itâs good all these people got their cars this past weekend, Iâm happy for them. Tough to get approved when youâre unemployed. Think itâll be the non farms payroll report in May, maybe June when the alarm bells really start ringing. While I def think they got a better price than they wouldâve in the next 3 months, I also believe the auto market will utterly collapse if things go in the path theyâre currently heading.
ETA: not sure why this says Iâm replying to someone else. This comment isnât directed at that poster.
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There just wasnât a need to rush out and buy a car. Even the White House has said there will be pain with the tariffs (I donât think anyone would disagree that it will take at least a few years to build a washing machine factory in Ohio or a TV manufacturing facility in Alabama). Basically every bank and investment firm agrees too - see my post above about UBSâ prediction.
Which is all to say in the short term if the tariffs stick there will be a lot of unemployed people and a lot less demand. Tariffs are going to move inversely with auto demand. Tariffs up = auto demand way down.
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How do jobs exist in the EU and Japan where they have tariffs on cars?
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They donât drive $100k cars.
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I donât think he cares. He doesnât ever have to face the voters again. Heâs there for life.
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Where I am at, I havenât noticed a rush in the luxury car segment. Buyers are worried about the market impacts of tariffs hurting their net worth more than they are worried about tariffs making cars slightly more expensive. Therefore, they arenât buying expensive cars right now.
You canât just assume that the MSRP on cars will increase 25%. The tariff is only applied on the manufacturerâs cost, and I think most manufacturers will choose to eat some or all of it so they donât loose market share. As such, the maximum prices increase we will see will be in the 6-7% range in my opinion, if thatâŚand only on certain models. Before the car tariff drama, I was shopping at a few dealers, and I have observed them selling next to no cars in the past few weeks based on their websites. In fact, their inventory is increasing, and their sales people have been beating down my door to come back and talk. They feel desperate to me.
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Neither did we until supply chains were disrupted. How many industries prices never came back down to earth once we were 1865 days and seven boosters to flatten the curve?
Answer: None
Be willing to bet @HersheySweet âs Assay gold that the tariffs on auto is in direct correlation to the post covd era pricing.
Have we ever driven 1.3 L cars? Lately? And they pay 5x for gas.
You know perfectly well that this is a BS argument.
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I passedâŚ
The savings on to our clients! 
Yes, actually. Well, close. Would you not count the 1.4L Turbo in the Cruze from years ago? And itâs 2-3x generally from what iâve noticed.
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FTFY with some more context.
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I expect some carmakers like Nissan to not survive past 2025. Margins too thin already and too dependent on the US market.
Stellantis is on shaky ground IMO.