<ul><li>The automotive industry is expected to be hit the hardest by the latest round of tariffs imposed by the Trump administration.</li><li>Automakers are employing diverse strategies to mitigate the impact of tariffs, such as absorbing tariff costs, suspending production of certain models, and increasing prices on select high-performance models.</li><li>Dealerships are bracing for impact, with some experiencing an uptick in customer visits while others foresee challenges. Digital tools, such as online pricing platforms and inventory management systems, may help navigate these challenges.</li><li>The interplay between traditional industry strategies and digital innovations will be crucial in mitigating the impact on businesses and consumers in the automotive sector.</li></ul>

Tariffs Drive Automakers to Adapt Quickly as Consumer Costs Climb

Discover more