Home / News & Events / Understanding Tariffs and What They Mean for Your Commercial Vehicle Department
With new tariff developments making headlines almost daily, it’s easy to feel overwhelmed. The reality is, tariffs will impact our industry, but the extent and timing is uncertain.
We understand that your commercial vehicle customers are looking for answers and stability. That’s why we’ve created this resource to help you understand what’s happening, what to expect, and how to stay ahead.
WHAT YOU SHOULD KNOW
Will prices increase?
Yes, prices are expected to rise. While it’s difficult to predict by how much, increases are likely across new vehicles, parts, and many everyday business essentials.
Will inventory be affected?
Again, likely yes. Because of where many vehicles and components are produced, we anticipate that some makes and models will see production slowdowns or limited availability.
Can production be shifted to avoid tariffs?
In some cases, manufacturers may be able to move production to domestic facilities, but those changes take significant time, and the outcomes aren’t immediate.
WHAT YOU CAN DO
For customers looking to purchase a work truck or van:
Look at proactively reaching out to these customers. Acting now may give them access to pre-tariff inventory or enable them to place an order before further price adjustments take effect - and they’ll likely remember who contacted them with a goal of helping minimize negative impacts.
If your customer’s fleet needs service or parts:
Similarly, connect with these customers now and explain why scheduling service sooner rather than later may be a good strategy. Tariffs could impact the cost and availability of parts just as much as vehicles, and delays could grow longer over time.
LET'S TALK
Every business is different, and we’re here to help you make the best decisions for yours. If you have questions about how tariffs may affect your commercial vehicle operations, reach out to us. Our team is here to support you today, and in the months ahead.
