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CBS News
04-04-2025
- Automotive
- CBS News
How will tariffs impact used car dealers in Michigan?
The average price of a new car in America is nearly $50,000, according to Kelly Blue Book. After President Trump's 25% auto tariffs on all imported vehicles kicked in overnight, the price of new cars is expected to rise even more. "Used car market is going to pick up; you know, prices of new cars is going to help out the used car market," said Jason Latimer, the owner of Madison Motors in Madison Heights, Michigan. "All new vehicles, even those made in the United States are going to go up in some cases three, five,10, even $20,000 or more and that's going to drive a lot of people to consider used vehicles," Paul Eisenstein, the editor of told CBS News Detroit. It's a difficult pill to swallow for consumers throughout the country, but Latimer says it's beneficial for his business, even though it's becoming more expensive to buy used cars to sell himself. "Used car sales have picked up, but the prices to buy them have picked up also, so it should be great for business. Going to have to pay top dollar to get cars that's the only problem," he said. According to Cox Automotive, 700,000 fewer new cars will be sold this year because of tariffs, which could mean more business for your local used car dealership.
CBS News
22-03-2025
- Automotive
- CBS News
Tesla protest set to take place outside Troy's Somerset Collection
Tesla CEO Elon Musk's role in the White House has sparked protests nationwide, including in Southeast Michigan. Christina Senopole of Mt. Clemens attended last week's anti-Tesla demonstration in Warren because she felt compelled to speak out against Musk. "It was refreshing to see 150 of us out there in the cold and then cars going by cheering and honking," she said. Hank Kennedy is organizing another protest Sunday afternoon outside the Somerset Collection in Troy. "I feel like Musk is behaving like a typical robber baron," Kennedy said. "He's stripping the government for parts so that the rich could profit off of our expense." It's been an unprecedented few months for Tesla, as its stock has plummeted and reports of vandalism on its vehicles have skyrocketed. Paul Eisenstein, automotive industry reporter and publisher of says owning a Tesla means something very different now than it did just a few years ago to a sizeable portion of the population. "They saw you as something of a hero, somebody who really stood for doing the right thing for the environment," Eisenstein said. "These days, that side of the message has almost been lost, and now many people will accuse you of supporting a fascist." In the past few weeks, Tesla vehicles have been lit on fire, spray-painted and defaced. According to the FBI, vehicles have been targeted in at least nine states. "We certainly think it's despicable the violence that has taken place against Tesla, the company, its employees, and also just Americans who have chosen to drive an electric vehicle," said Karoline Leavitt, White House press secretary. Kennedy wants people to know that's not the objective of the protests. "We are not involved in any acts of vandalism or destruction of property," he said. "I think to do so would be nothing but counterproductive. We have no idea when somebody bought a Tesla car or what that person's politics are, so it would be wrong to target them for that. Sunday's demonstration is expected to start at 1 p.m. at the Somerset Collection, and while this protest is expected to be peaceful, Troy police confirmed that they are more aware something could happen at this location.
