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How Tariffs are Affecting the Car Market

How Tariffs are Affecting the Car Market

SwitchCast Dec 08, 2025 60 min
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About this episode

Tariffs are reshaping the automotive landscape, impacting both new and classic car markets. Hosts Doug, Tyler, and Ethan delve into how tariffs affect prices, sales, and imports, revealing a significant drop in new car sales and a slight decline in classic car imports. The episode also discusses the psychological aspects of car buying, the influence of government policies, and the ongoing debate about affordability in the auto industry. With insights on recent market trends and a humorous take on automotive culture, this episode offers a comprehensive look at the current state of the car market.

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Technical Too Afraid to Ask
Car

Porsche 911

"...somebody converted an air-cooled Porsche 911 to EV, to a battery-powered car, which I think is stealing the soul of that car..."

The Porsche 911 is a famous sports car that many people recognize. It's known for its unique shape and powerful performance, making it a favorite among car enthusiasts.

Concept

EV conversion

"...I'm not against all EV conversions. I think some of them are actually really good ideas, but not an air-cooled Porsche, but the battery or the wiring..."

EV conversion is when you take a car that normally runs on gas and change it so it runs on electricity instead. This usually means putting in electric motors and batteries.

Term

internal combustion engine

"...it's not saying that internal combustion cars can't catch on fire, and they do. I mean, technically they're powered by lots of little fires..."

An internal combustion engine is a kind of engine that makes cars go by burning fuel inside it. Most cars use this type of engine, which creates power from small explosions.

Car

Porsche GT3

"... struck this Porsche with lightning. Especially like an air cool, like why? Just speaking of lightning struck portions, the GT3 that got struck by lightning, I was bidding on it on the IAAI salvage auction..."

The Porsche GT3 is a special version of the Porsche 911 sports car that is designed for racing and high performance. It has a powerful engine and features that make it great for driving on a racetrack.

Term

Metzger

"...because it's a GT3 with a Metzger, it's going to just keep running. Just put a new ECU in it..."

Metzger is a name associated with a type of engine used in some Porsche cars, especially the GT3. These engines are known for being very strong and reliable.

Term

repo auction

"we referenced wholesale ish repo auctions. But one transaction in particular..."

A repo auction is where cars that people couldn't pay for are sold off to get some money back. You can sometimes find good deals on cars at these auctions.

Term

govdeals.com

"but it was on govdeals.com, a liquidity services marketplace..."

GovDeals.com is a website where you can bid on items that the government no longer needs, including cars. It's a place to find some interesting deals.

Company

Shaughnessy Overland Express

"Whether you're moving a rare collectible, a high end sports car or your personal luxury vehicle, Shaughnessy Overland Express delivers with precision, privacy and respect."

Shaughnessy Overland Express is a company that helps move expensive cars safely. They take special care of the vehicles and make sure they are well protected during transport.

Car

Chevrolet Express

"...ur personal luxury vehicle, Shaughnessy Overland Express delivers with precision, privacy and respect. Thi..."

The Chevrolet Express is a big van that can carry a lot of stuff or people. It's often used by businesses for deliveries or transporting groups. People like it because it's practical and can handle heavy loads.

Concept

tariffs

"How tariffs are affecting the car market? I want to talk about this in two different ways. One, new cars and two, classic cars because we definitely want to talk about imports of cars..."

Tariffs are extra costs added to products brought into a country from abroad. When it comes to cars, these costs can make imported vehicles more expensive for buyers.

Concept

imports

"...because we definitely want to talk about imports of cars because that is more directly affected by the tariffs because it's a one-to-one thing."

Imports are items, like cars, that come from other countries. When you buy a car from another country, there might be extra costs that make it more expensive.

Term

incentives

"in EV sales right before the incentives ended and then they just fell off the map. Well, and I also think I might be getting ahead of myself here, but we also had a rush..."

Incentives are discounts or financial help given to people to encourage them to buy cars. This could be money off the price or tax benefits.

Term

sticker prices

"Manufacturers have been bumping up their sticker prices even before the tariffs and people's average loan payments..."

Sticker price is the price that is shown on a car's window when you go to buy it. It's the starting price before any discounts or extra costs.

Term

average new car price

"...we have the highest average new car price we've seen in America for new cars and used cars, just like everything is up."

The average new car price is how much people usually pay for a new car. It's been going up a lot lately, which can make buying a new car more expensive.

Term

average payment

"...that average payment, this is a wild statistic, so I wanted to make sure I looked it up and it was accurate. Is it $750 a month?"

The average payment is how much people usually pay each month for their car loans. It's important because it shows how affordable or expensive cars are for buyers.

Concept

surge in demand

"...The surge in demand during the COVID and slightly post-COVID era drove manufacturers to ramp up their pricing..."

A surge in demand means that a lot more people want to buy something, like cars. When more people want to buy cars, prices can go up because there aren't enough cars for everyone.

Brand

General Motors

"...but it's not just the overseas manufacturers. Both Ford and GM are down this quarter. General Motors did quite well this year..."

General Motors, or GM, is a big car company in the U.S. that makes several popular brands like Chevrolet and Cadillac.

Company

GM

"...mostly new GM vehicles to 96 units. So, I mean, this is what Trump wanted..."

GM stands for General Motors, a big company that makes many different types of cars and trucks. They are one of the largest car manufacturers in the world.

Concept

classic cars

"Now, what surprised me is the number of collector and classic vehicles coming over did not drop that much."

Classic cars are older cars that people collect because they are special or unique. They can be worth a lot of money, and their value can change based on how many people want them and the economy.

Term

exchange rate

"...and the exchange rate that combined double whammy."

The exchange rate tells you how much money you need to trade from one type of money to another. For example, if you're buying a car from another country, it helps you know how much it will cost in your own money.

Term

enthusiast

"So if you look at the type of folks who would be buying a car to import that is classic or otherwise enthusiast based..."

An enthusiast is someone who really loves and is passionate about something. In the context of cars, it means a person who enjoys collecting or working on cars as a hobby.

Term

value proposition

"You don't want to do that because you look at the value proposition, but if you had more money than cents, you probably don't care."

A value proposition is what makes a product worth buying. It explains why someone should choose that product instead of others, often highlighting its benefits and features.

Car

Ford Broncos

"... forced people to go out and pay over sticker for Broncos in 2021. People just had this fervor of, oh my g..."

The Ford Bronco is a tough SUV that can handle rough terrains and is great for outdoor adventures. It was brought back in 2021 after being gone for many years, and people got really excited about it, sometimes paying more than what it was originally sold for. It's popular because it's fun to drive and looks cool.

Concept

supply and demand

"...if consumers just say, no, we can't afford it, we're not going to buy it, and prices will go down. Well, and it seems..."

Supply and demand is a basic economic idea that explains how prices are set. If lots of people want to buy something but there isn't enough of it, the price goes up. If there's too much of something and not enough buyers, the price goes down.

Car

Tesla

"...He and his wife have a newer Tesla but wanted a reliable and reasonably spacious second car..."

Tesla is a company that makes electric cars, which run on batteries instead of gasoline. They are known for their advanced technology and features like autopilot.

Term

CPO

"...we got a CPO. There were reasons that we wanted to make sure it had a warranty and yada, yada, yada..."

CPO means Certified Pre-Owned. It's a term for used cars that have been checked and approved by the dealer, often coming with a warranty to give buyers extra peace of mind.

Term

warranty

"...we wanted to make sure it had a warranty and yada, yada, yada..."

A warranty is a guarantee that the car will be fixed for free if something goes wrong within a certain time or mileage. It helps protect you from unexpected repair costs.

Car

Porsche 944

"...when I was thinking I wanted a 944 before I got I thought better of myself, you had one. And I was like, well, if it's still here in the spring, I might buy it..."

The Porsche 944 is a sporty car made by Porsche that was popular in the 1980s and 1990s. It has a good balance and is fun to drive, which is why many people like it.

Car

BMW M3

"...energy to me. Very close. Very close. That is BMW M3 energy, V46 energy actually. Apparently. Did the..."

The BMW M3 is a fast and sporty car that is part of the BMW 3 Series family. It's designed for people who love to drive and want a car that feels powerful and fun on the road. Many car fans admire it for its speed and handling.

Car

Porsche Boxster

"...bably drives a Lincoln. Nope. It's a Porsche 718 Boxster S. Why don't I know? I don't get it. The only thi..."

The Porsche Boxster is a small, sporty car that is fun to drive and has a cool design. It’s known for being a good choice if you want a Porsche but don’t want to spend as much as on bigger models. People love it for how it handles on the road.

Car

Ford Taurus

"...next one's a layup, but I like it. Showdown. Ford Taurus S.H.O. Yes. It's like the first gen, I think. Ye..."

The Ford Taurus is a large car that is comfortable and has plenty of space for passengers. It used to be very popular in the U.S. and is known for being a good family car. People often talk about it because of its long history and how it has changed over time.

Car

Nissan Murano

"...body that thinks they're classy. This is a Nissan Murano. No, Ethan chicken is head over there. I just re..."

The Nissan Murano is a roomy SUV that's good for families and people who need extra space. It has a unique look and is known for being comfortable to drive. Many like it for its smooth ride and modern features.

Car

Porsche Cayenne

"...fect. I'm just going to save you. It's a Porsche Cayenne. Well, that's, that still works. Face black. Tha..."

The Porsche Cayenne is a fancy SUV that drives like a sports car but has more space for passengers and cargo. It's popular because it combines luxury with the ability to handle different types of driving. Many people like it for its powerful engine and comfortable ride.

Car

Hyundai Accent

".... Is it a car shaped like an egg, like a Hyundai accent and a hatchback? No, parts of the car are shaped ..."

The Hyundai Accent is a small, affordable car that is great for getting around town. It's known for being easy on gas and is a good choice for people who want a reliable vehicle without spending too much money. Many first-time buyers like it for its practicality.

Car

Nissan Altima

"... you doing tonight with what this car is? Nissan Altima. No, it's not a Murano either, Ethan. This is a ..."

The Nissan Altima is a comfortable car that is great for everyday use, like commuting to work or running errands. It has a good amount of space inside and is known for being reliable and fuel-efficient. Many people choose it because it's practical and easy to drive.

Car

BMW 4 Series

"This is a BMW four series. So it's like a playboy kind of like, you know, it's a fancy finance man."

The BMW 4 Series is a stylish car that's designed for people who want a mix of luxury and sportiness. It's a fun car to drive and looks great.

Car

Chevrolet Corvette

"...touch it. Not gonna. Nope. Okay. I'm out. It's a Corvette C five. Oh, of course it is with a license plate ..."

The Chevrolet Corvette is a classic sports car that is known for being fast and stylish. It's a symbol of American car culture and is loved for its powerful engine and cool looks. Many people admire it for how it performs on the road.

Car

Ford Mustang

"...that lightning McQueen or Steve McQueen? Is it a Mustang bullet? No, it is not. I don't know then. It is ..."

The Ford Mustang is a famous American car known for being powerful and stylish. It has been around for a long time and is loved by many for its speed and cool design. People often talk about it because it represents fun driving and American car culture.

Car

GMC Yukon Denali

"Oh, this is a Yukon Denali. No. Dang it. Amazingly, not that far off."

The GMC Yukon Denali is a fancy version of a large SUV that has a lot of nice features and a powerful engine. It's great for families and people who want a comfortable ride.

Car

Honda Civic

"I thought you would have gone for like a Honda Civic with a fart can exhaust or something like that."

The Honda Civic is a small car that many people like because it's reliable and saves gas. It's available in different styles like a four-door sedan or a two-door coupe.

Car

Chevrolet Traverse

"It's a Chevy Traverse. Oh, 100%. Yeah. Yeah. I went too fancy."

The Chevrolet Traverse is a medium-sized SUV that has a lot of room for passengers and luggage. It's a good option for families who need space.

17 cars featured

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