https://drivemag.com/news/donald-trump-s-joy-rides - more pics at link.
Posted on 08/08/2018 6:14:48 AM PDT by Carriage Hill
The Trump administration's proposed auto and auto part tariffs may claim an unexpected casualty: The more than 20 million Americans who spend an estimated $1.5 billion annually on classic and antique cars, trucks and motorcycles, according to specialized insurer Hagerty Group.
Though many classic car sales are by wealthy collectors and cost in the tens of millions, the average classic vehicle's value is less than $35,000, according to Hagerty Group.
(Excerpt) Read more at cbsnews.com ...
Is this tariff on domestic classics?
No. It is for reproduction parts that are no longer available domestically.
We need to exempt anything that I personally purchase from the ravages of tariffs. But the stuff other people buy? That’s fair game.
Typical Trump hate driven STUPID article and point.
“Take a vintage car at auction in Germany with a price of $1 million. Today, a dealer like Hyman would buy the car for a U.S. client and import it with duties that currently run about $30,000. “
That kind of classic car is a very small part of the classic car market. The domestic classic car market is unaffected, but does the article say that?? Of course not.
I HATE these constant lies of omission from the media.
Car collectors are going to have to take some short term pain for Team America. When our exports are taxed at the same rate that we tax foreign imports, we will finally have an even playing field, something that the Chamber of Commerce & the GOPe have intentionally given away.
I predict it will have little effect. If the tariff even goes into effect for a significant length of time.
It’s Trump hate driven drivel from the 90% negative news bubble.
Cheap, crappy after market parts from Asia?
The same ones that I have go through two or three to get one that works.
Just imported “repop” parts, as far as I know.
LOL! Me too.
“The most insidious power the media has, is to ignore”.
Soon, foreign nations will drop their tariffs on US exports to get access to US markets.
Wherever the come from.
Yup.
My 1967 Cougar is going to be worthless!?
I hate Trump! Hate, hate, HATE him! Why, oh why, didn’t I vote for Bernie Sanders? That guy knows business.
https://drivemag.com/news/donald-trump-s-joy-rides - more pics at link.
The same ones that I have go through two or three to get one that works.
But this isn’t unique to old cars. I learned the fine art of grinding from trying to keep my garden tractor running for more than 3 years.
B$. A 100% tariff would not stop these collectors they are used to overpaying for junk.
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