Alexandria, VA (June 28, 2018) – The American International Automobile Dealers Association (AIADA) today submitted comments on the Department of Commerce’s Section 232 investigation into whether or not imported autos and auto parts, used in every car sold in America, pose a national security threat to the United States. America’s auto dealers, domestic and international, stand to lose up to two million annual sales if the investigation rules against their products and the 25 percent tariff proposed by the Trump Administration is put into place.
“Tariffs are taxes, and a 25 percent tariff on all imported vehicles and vehicle parts amounts to a massive new tax on the American people. On average they would pay an extra $6,400 on a vehicle that currently costs $30,000,” said AIADA President and CEO Cody Lusk. “Autos and auto parts aren’t a national security threat, but tariffs are a real and dangerous threat to our economy. America’s international nameplate dealers and their 577,000 employees strongly support a pro-growth economic agenda, and believe it can be accomplished with a positive trade message, not the threat of tariffs and taxes.”
The complete comments can be found here.
America’s 9,600 international nameplate auto franchises, many of which are family-owned businesses, employ more than 577,000 Americans, resulting in a payroll of $32 billion and an additional 527,000 indirect jobs. Last year, they sold 9.6 million vehicles to American consumers – 55.6 percent of total U.S. retail vehicle sales. For more on the impact of America’s international nameplate dealers on our economy visit AIADA.org/our-impact.
Established in 1970, AIADA is and continues to be the only association whose sole purpose is to represent America’s international nameplate automobile franchises that sell and service the following brands in the United States: Acura, Aston Martin, Audi, Bentley, BMW, Ferrari, Genesis, Honda, Hyundai, Infiniti, Jaguar, Kia, Land Rover, Lexus, Maserati, Mazda, Mercedes, MINI, Mitsubishi, Nissan, Porsche, Rolls Royce, Scion, Smart, Subaru, Toyota, Volkswagen, and Volvo. These retailers have a positive economic impact both nationally and in the local communities they serve, providing over 577,000 American jobs. Visit AIADA online at www.aiada.org.