Will Changes to NAFTA Hurt U.S. Auto Dealers?

 

The American International Automobile Dealers Association (AIADA) has  expressed concern over the impact changes to the North American Free Trade Agreement (NAFTA) would likely have on the cost of vehicle prices.

AIADA President Cody Lusk issued the following statement:

“America’s 9,600 international nameplate dealership franchises, and the 577,000 Americans they employ, are concerned about the prices their customers may be forced to pay if certain aspects of NAFTA are changed.” In 2017, Edmunds predicts that the average vehicle transaction price will increase to an all-time high of $35,000. American consumers can’t afford the additional costs that would come with disruptive changes to the North American Free Trade Agreement.

“The auto industry is one of NAFTA’s biggest success stories and helped international nameplate dealers – located in cities and towns across America – to sell 8.4 million vehicles to American consumers last year resulting in 59 percent of total U.S. retail vehicle sales. While NAFTA modernization is important, we urge caution in considering the jobs that might be lost and the prices American consumers may incur as the result of changes to key aspects of the agreement.”

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