Oklahoma car dealers are feeling apprehensive as the U.S. government prepares to implement a 25% tariff on imported vehicles and auto parts. John Holt, President of John Holt Auto Group, expressed uncertainty about how the tariffs will impact pricing and availability of vehicles. With a current 45-day supply of untariffed vehicles, Holt is concerned about future inventory that comes from countries like Mexico, Canada, and Korea. While he believes the tariffs may benefit the U.S. in the long-term, he anticipates challenges in the short-term with pricing and availability of parts for repairs. Despite the uncertainty, Holt suggests that now is a good time to buy as dealers still have a 60-day supply of untariffed vehicles. Another local auto dealer also acknowledged the uncertainty surrounding future prices, indicating that customers are likely to experience the effects of the tariffs. As the auto industry grapples with the implications of the upcoming tariffs, car dealers and customers alike are preparing for potential changes in the market.
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