Discussions surrounding potential new tariffs on a wide range of imported goods, which include automotive parts and vehicles, have raised several questions for Virginia Beach, VA drivers. Here at Hall Nissan Virginia Beach, transparency is one of our primary values, and we want to help you understand how such policy changes could potentially impact your car-buying experience, as well as ownership and service costs. This is an overview of our tariff stance.
Impacts on Pricing, Service, and Availability
Tariffs are taxes applied to imported goods. The tariff situation is rapidly changing, so it is difficult to definitively state the impact that they will have, but if new tariffs are implemented on vehicles or the components used to build them, the following areas could be affected:
- Vehicle Pricing: Increased costs for imported vehicles or parts may lead manufacturers to adjust new vehicle pricing. In turn, this could affect used car market values as well.
- Availability: Shifts in global trade policy can sometimes affect global supply chains. This can impact the availability or delivery timelines for specific vehicles or replacement parts.
- Parts and Service Costs: Tariffs specifically placed on imported car parts could eventually lead to higher prices for components needed for maintenance and repairs.
Why Buy Now
While the timing, scope, or impact of any potential tariffs are unknown, making automotive decisions based on today’s known conditions offers advantages. Choosing to purchase or service your vehicle today allows you to take advantage of current pricing structures, our large existing inventory at our dealership, and our current Nissan incentives, lease offers, and service specials. Service plans are an excellent way for current owners to hedge against price increases, too.
Our Commitment to the Virginia Beach, VA Community
Regardless of economic conditions, Hall Nissan Virginia Beach is committed to providing our customers with transparent information, fair value, and exceptional levels of customer service that you deserve. If you have any questions about how potential tariffs may affect the pricing of your next vehicle, don’t hesitate to contact our friendly team!