TYSONS, Va. (Feb. 4, 2025)—National Auto Dealers Association (NADA) President and CEO Mike Stanton on Tuesday issued the following statement in response to proposed and implemented tariffs on Canada, Mexico and China:

“New-car affordability is a persistent challenge for consumers and dealers alike. Tariffs on U.S. trading partners, who are vital to our automotive supply chains, would make it harder for average Americans to afford the new vehicles of their choice. It is our hope that we can address many of our nation’s challenges without the use of tariffs that would so significantly impact the U.S. auto industry, jobs and consumers.”