TYSONS, Va. (March 27, 2025)— The National Automobile Dealers Association (NADA) released the following statement on Thursday regarding President Donald J. Trump’s announcement that his administration will impose 25 percent tariffs on imported automobiles and certain automobile parts:

“Matching customers with vehicles they can afford has been a continuing challenge for America's new car and truck dealers. The tariffs announced Wednesday could put the purchase of a new car out of reach for an increasing number of American consumers. It is essential that the potential impact of tariffs on consumers and main street businesses be fully considered.”