Part 5/8:
This dealer adds an additional layer to the conversation: tariffs that may soon come into effect — intended to boost U.S. manufacturing — could paradoxically harm small businesses if they lead to higher product prices or shortages. It raises the possibility that less established dealers might struggle to survive the turbulent market conditions.
Economic Uncertainty and Spending Patterns
Beyond the automotive industry, the dealer shares a broader apprehension regarding economic conditions. As uncertainty pervades the market, consumers are likely to tighten their spending. This is already reflected in stock market trends, impacting consumer wealth perception and further driving down sales.