Tariff Information

We at Olympia Kia are here to help you Navigate Potential Tariffs questions and concerns:

The automotive industry, like many others, is subject to potential changes due to proposed tariffs. These adjustments may have an impact on the cost of vehicles, both new and pre-owned as well as service repairs. Olympia Kia is committed to providing you with the information you need to make informed decisions and tariff impacts and how they might affect your vehicle purchase.

What are Tariffs?

Tariffs are taxes imposed on imported goods. In the automotive sector, these can affect vehicles and parts manufactured outside of the United States. Recent discussions about potential tariff adjustments have raised concerns about potential price increases. Although many of our vehicles are manufactured in the U.S., parts, components, and even raw materials can originate from various international sources, making them potentially subject to tariff impacts. It is important to know that vehicles manufactured in Canada, Mexico, and other countries have had tariff exemptions in the past. However, future changes are possible. It is important to stay informed of any changes.

Potential Impacts on Our Valued Customers.

Price Increases:

Tariffs may raise manufacturer costs, potentially leading to higher prices for new and pre-owned vehicles, which may include lease incentives, dealer incentives, and finance incentives by thousands of dollars.

Inventory Fluctuations:

Potential tariff changes may influence manufacturer production and import decisions, leading to potential fluctuations in vehicle inventory. This could mean limited availability of certain models or parts.

Pre-Owned Market:

Higher new car prices may, along with reduced production and inventory may increase demand and prices for pre-owned vehicles, with potential increases to replacement parts costs.

Service Costs:

Tariffs on imported parts may increase vehicle service and repair expenses.

Lock in Current Prices:

Purchase soon to secure today’s prices before potential tariff-related increases.

Avoid Inventory Shortages:

Act now to avoid potential inventory shortages due to production or import adjustments.

Take Advantage of Current Offers:

Capitalize on current manufacture and dealership promotions, such as rebates, discounts, and incentivized rates as they may change quickly.

Service Before and Tariff related Price Increases.

Taking care of your vehicle’s service needs now can help you avoid potential increases in service and parts costs.

Our Commitment:

Olympia Kia is committed to providing you with transparent information and exceptional service. Our team is here to answer your questions and help you navigate the complexities of potential tariff changes. We offer a wide selection of vehicles and service options to meet your needs. We are dedicated to helping you make the best decision for your situation. Please feel free to reach out to sales or service with any questions.