67GTX440
Well-Known Member
https://www.hemmings.com/blog/2018/...d-halt-all-international-collector-car-trade/
This may kill off the international high end classic car market as it would impose a 25% tariff on vintage cars and parts imported into the US. The same tariff would apply to reproduction parts imported into the US. As retaliatory tariffs are imposed by other nations in response to US tariffs, this may kill off trade both ways.
This will definitely hurt auction prices of the extreme high dollar cars most likely to be sold internationally at auction or by private sale. It will also increase the cost of restoring all cars if imported parts are involved. I can foresee a 25% increase in every Chinese or other non-US made part in the Classic Industries or Year One catalogs.
It is hard to determine the impact of values of lower dollar classics that normally sell domestically. It could be a situation where all auction prices decline in response to the decline in top auction prices, or there is more interest in the low end of the auction market as the top end falters. It may cause more reproduction parts to be made in the US at the 25% higher price.
Thoughts?
This may kill off the international high end classic car market as it would impose a 25% tariff on vintage cars and parts imported into the US. The same tariff would apply to reproduction parts imported into the US. As retaliatory tariffs are imposed by other nations in response to US tariffs, this may kill off trade both ways.
This will definitely hurt auction prices of the extreme high dollar cars most likely to be sold internationally at auction or by private sale. It will also increase the cost of restoring all cars if imported parts are involved. I can foresee a 25% increase in every Chinese or other non-US made part in the Classic Industries or Year One catalogs.
It is hard to determine the impact of values of lower dollar classics that normally sell domestically. It could be a situation where all auction prices decline in response to the decline in top auction prices, or there is more interest in the low end of the auction market as the top end falters. It may cause more reproduction parts to be made in the US at the 25% higher price.
Thoughts?