President Donald Trump Recently announced authors that may be potentially be a good for car rental companies.
On the same day, Hertz said on Thursday that the cost after 20%and another car rental company, Avis, outlined double -digit growth on the same day.
The jumps that survived these automobile companies on Thursday occurred the day after the president discovered that he imposed New 25% Automobile on Import In early April.
President Donald Trump announces new car tariffs
“You can see some drivers who decide to rent a car rather than buying a new, expensive vehicle,” – Fox Business correspondent Madison Alvort reported. “The second reason that is very convincing is that companies such as Hertz and Avis, as soon as they have finished using cars as a car rental, sell them on the used car market.”
The Hertz Corporation logo (Pavlo Gonchar/Sopa Images/LightRockket via Getty Images/Getty Images)
The new tariff is extending to passenger vehicles, light trucks and some auto parts sent to the US from other countries.
The White House said the importers of the vehicles under the US-Mexico-Canadian agreement will be given the opportunity to confirm their content in the US and the system, so that the 25% tariff will apply only to the cost of their content that is not in the US. ”
Tariff on Imports by 25% Trump: This is the most affected manufacturers
According to Alvort, the tariff will not be extended to the car rental sold on the used cars.
“So, they are more valuable today than they were before this tariff announcement,” she said.
| Ticket | Safety | Last | Variation | Change % |
|---|---|---|---|---|
| Htz | Hertz Global | 4.15 | -0.08 |
-1.89% |
| Car | Avis Budget Group Inc. | 74.66 | +0.50 |
+0.67% |
In addition to car rental companies, US auto -parting companies can see more repair and spare parts when drivers decide to save their existing cars for a longer period, Alworth, citing JP Morgan analysts.
“If your car is in the store, what do you do meanwhile? You head to the company’s rental like hertz,” she added. “It also helps these actions.”
A New authoritis It is expected to take effect on April 2.
President Donald Trump speaks at the White House Oval in Washington, Colombia District, March 26, 2025. (Francis Chung/Politico/Bloomberg via Getty Images/Getty Images)
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Matt Blant, President of the US Automobile Policy Council, said that on Wednesday, the “critical” tariffs “are being implemented in such a way that it avoids raising consumer prices, and that retains the competitiveness of the integrated US Automobile Sector, which became the key success of the USMCA president.”
Trump claimed that authorship would push automotive companies to build more factories and hire more workers in the US
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2025-03-28 18:46:00
