Galpin Motors
Dear Customer,
With the recent announcement of the upcoming 25% tariffs for vehicles and parts built outside of the United States, one thing is certain, our current inventory of nearly 3000 new vehicles is unaffected and tariff-free! The silver lining is that your trade-in is potentially worth significantly more today. Rest assured, Galpin is here offering you the great Galpin deals as we have for over 75 years.
If you have been thinking about a new vehicle, now or in the future, now may be the time. Even if you haven’t been thinking about one, it might make sense for you to act sooner than later. It’s possible that if the tariffs go into effect April 3rd, prices could very well go up from the manufacturers, and in some cases, significantly.
It is also important to point out that since the 25% tariffs applies to parts and components, every vehicle will be affected, even those built in America, as every vehicle has parts and components that are imported.
Our commitment to you is to stay close to the situation and identify anyway we can make things better for you. If you have any further questions, or if I can be of any assistance to you, please feel free to contact me at BeauBoeckmann@galpin.com or (818) 756-2328.
On behalf of my family, thank you for your loyalty to Galpin. It has been our biggest pleasure to serve you and look forward to doing so again soon!
Beau Boeckmann
President & Chief Executive Officer
According to the US White House, “The 25% tariff will be applied to imported passenger vehicles (sedans, SUVs, crossovers, minivans, cargo vans) and light trucks, as well as key automobile parts (engines, transmissions, powertrain parts, and electrical components), with processes to expand tariffs on additional parts if necessary.”
For more detailed information: WhiteHouse.Gov
The tariff may apply to most foreign-made cars imported into the U.S., including models from manufacturers such as BMW, Toyota, and Honda. However, given the evolving nature of trade policies, the list of affected vehicles and brands, including some American brands that assemble vehicles abroad, could change over the next few weeks or months.
Certain automobile parts, including engines, transmissions, powertrain parts, and electrical components, may currently be subject to the 25% tariff. However, as trade regulations continue to evolve, the scope and implementation timeline for these tariffs could change in the coming weeks or months. The effective date will be published in the Federal Register but is expected to occur no later than May 3, 2025.
The tariffs could potentially increase vehicle costs, with some estimates suggesting that prices for new cars might rise by thousands of dollars. While it’s uncertain how manufacturers will respond, some analysts speculate that retail car prices could increase by around 9% if companies decide to pass the tariff costs to buyers. Given the uncertainty and potential for rising prices, now may be the best time to purchase a new vehicle or take care of more expensive repairs before costs increase.
The future of these tariffs remains uncertain, as various factors could influence their political sustainability. Given their unpopularity among voters and concerns about potential negative impacts on the economy, it’s possible that adjustments or changes may occur. In the meantime, meeting with the team at Galpin could be a great way to explore options that fit your budget and help you make an informed decision during this period of uncertainty.
- No fear mongering language
- Positive spin
- No dollar amounts stated “increased by thousands”