I ordered a TRD Off Road Premium 3 weeks ago w/o an obligation to buy. If the tariff goes from 2.5% to 27.5% by the time it's ship comes in the dealer can sit on it and spin, no deal.
The effects of the tariffs will be long reaching. I'm also going to cancel my Limited if the price goes up due to the tariff and I'm sure many people will do the same. For many people, buying a new car is discretionary spending. I'm sure a massive price increase will change that to necessary spending meaning folks will only buy a car if the absolutely have to.
In turn dealers will eventually have to layoff employees and they will also jack up the prices in the service and parts department to try to find enough revenue to make a profit and keep the business open. If the market goes down for a sustained period of time the manufacturers will also layoff people because they will have to significantly reduce production. Some manufacturers may close plants and consolidate production in one plant. Toyota may determine it's not even worth it to continue selling Land Cruisers, 4Runners and GX's in the United States as long as the tariff is in place. And for those that say that they will build a plant in the U.S., remember that you don't build a manufacturing plant over the weekend, that could take years.
Prices for everything will also go up because trucking companies that haul freight will be paying more for new trucks and parts to keep the ones they have running. The prices for everyday goods in turn will go up to compensate for the increased shipping costs. I'm not even going to venture in on the effects of other countries imposing reciprocal tariffs on American goods and what that will do those businesses.
We aren't powerless to stop this. We live in the greatest democracy in the world (as of now) and we have to due our part and contact our representatives, Governors, congressmen etc and let them know that this isn't acceptable and they will be held accountable come election time.
I was able to confirm with my dealer (in writing) that my 4Runner had arrived at the port and the tariff won't affect our agreed upon price. Of course, I'm treating this as nothing is done until ink hits the papers.
From what they've told me though, they and other dealers will be honoring any deposits they already have and the same for deposits on 4Runners arriving at the port before 4/3. Any 4Runners allocated that do not have a deposit already and are scheduled to arrive at the ports after 4/3 will be subject to incoming tariffs. Dealers hearsay though.
Obviously this situation feels a little liquid and a deal may or may not be struck before then or the entire imported market (autos and parts) will have to bare some pain. Those of you who are waiting to see how all of this plays out, best of luck to you! Hope everyone gets the 4Runner they want for a reasonable price.
from my view and understanding of tariffs since the 4Runner is made in Japan and since Canada is not putting tariffs on Japan it should not affect my purchase (mine is presently in Vancouver waiting clearance). America is a different situation
Now the question is will coorporations take advantage and increase prices which history has shown and is presently already happening.
I have a personal opinion and I like to feel that I arrived at it by doing a large amount of research and looked at who and wear the information was coming from (people that know what they are talking about)
I am not going to go to my financial advisor for information on my health I am going to go to that guy that is educated to give it a health care professional.
I would rather not give it hear as I do not think this is the place and will ruffle feather (As it is my opinion and I am sure everyone here has their own)
I work with people that have strong opinion and have nothing to back it. Which leads to a lot of heated discussions. Sadly in the short term no one is going to win.
All I hope is that the people sitting at the table in the end know what they are talking about or are getting direction/advice from professionals in those fields.
This already has and is going to change a lot of relationships between countries.