Will car prices drop if trump wins?

[NumberOneStunna]

Yes

No

A total of 34 votes were cast: 11 girls and 23 guys. See detailed results

[buzzword]

Under the current monetary system, you're set to see inflation across the board for quiet a while on all goods. If the monetary system changes, which is possible then maybe... That said, if Trump institutes tariffs on foreign manufactured automobiles it won't make much difference when you purchase a car unless you're at the top of the market. Most mainstream automobile brands at least manufacture a handful of models in the USA already and employ hundreds of thousands of workers. All the American brands have factories in the USA, All the major Asian brands have factories in the USA, and most of the European brands have factories in the USA. Not every model is manufactured here for every brand, but usually a handful of them are. There are auto factories scattered all over the South East and Midwest of the USA.

[buzzword]

The entire point of the tariff plan is to incentivize manufacturing in the USA. If heavy tariffs are levied on imports, it's more cost effective to manufacture in the USA rather than have tariffs levied on your products. When you add tax cuts into the deal it becomes even more appealing. When you create opportunity zones and open a bunch of manufacturing parks around the country with appropriate infrastructure it starts looking really good to foreign companies and that's good for the American worker. As a result you end up with Americans making products for an American economy and employment opportunities present themselves to American citizens.

[noohair]

In 1980, Reagan was elected. It took 31/2 years of pain to reduce the inflation caused by the peanut farmer. Don’t expect miracles at once.

[lightbulb27]

suspect they go down no matter what as economy is soft and it starts showing up after election.

question of supply and demand though. It's tough isn't it... have to buy less of a car as prices are high, insurance is high due to crime.

come down enough to make much difference... I doubt it. talk to people directly whom maintain their cars... look for cars they want to sell, work a deal!

I know of cars for sale, could probably negotiate decent price. go to car lot... pay $$$$ more.

[hahahmm]

They are dropping regardless because car prices went too high and most cars aren't worth it. To the point where now anybody who got a loan for an expensive car is screwed and some cars you can't even trade in. Car makers and dealers got greedy (even if you ignore the inflation) & lazy.

That said, when it comes to the most reliable cars, I don't think the prices will drop on them. They will be like bars of gold.

[DryGermanGuy]

In an average general scenario, no (that would be deflation).

But because Trump has all these idiotic plans (import tariffs, mass deportations, mass firings...) that he could create such chaos and thus a massive economic downturn that it will increase dealer insolvencies and therefore sinking prices.

[Syntosi]

I am going to assume you are talking about Trump suggesting 200-500% tariffs on Chinese cars? No that will not decrease the cost of cars. China does not really sell cars to USA in the first place so its a moot point even if you did not accept that tariffs cause inflation and increase in costs.

[SixFootSexy]

The problem is they (the Fed) can't let asset prices go down or the entire economy will collapse, it's all a house of cards and 35 trillion in debt makes my bet they will just keep running the country and economy into the ground. So no, cars will not get cheaper, if anything they'll likely become more expensive.

[RedInnocent69]

Nope. His complete misunderstanding of haw tarries work, as shown by his embarrassing interview in Chicago, will increase inflation and drive up prices, especially on cars. That is followers eat up his ridiculous self-aggrandizing bravado (“I’m great at economics!”) is sad 😒

[strateguy632]

I

Indirectly yes. It is not about lower "price" it is undoing the harm to economy that devalued money.

Trump kept inflation slow, biden should also but didn't.

[Dargil]

Depends in interest rates and Trump imposed Tariffs on Germany and China. Japanese, Germans (BMW, Merc and VW) have moved here to be more competitive. The Chinese will have to do the same.

[In_Trance]

It doesn't matter who wins

[exitseven]

Yes, the price of e everything will go down but mostly it will be the cost of fuel.

[DryGermanGuy]

The cost of fuel has already gone down through the measures of the Biden administration.

https://gasprices.aaa.com/?state=TX

[exitseven]

@DryGermanGuy yes, buying oil from Venuzeula. A band aid designed to temporarily lower gas prices until after the election.

[FunkyMonkee]

Prices of everything will drop, again. Just like the last time he was in office.

[Dongie]

Things will balance out.
Hopefully the courts will be busy with the real criminals being indicted. Including fucking Crooked da's and judges.

[msc545]

Of course they won't. They will probably rise.

[Anonymous]

A little bit but fuel will come down drastically.

[beefcakebradybatson]

H**L to the NO !!!