Glenn Stevens Jr.
Appearances
WSJ What’s News
Auto Stocks Drop as Trump Plans 25% Tariff on Car Imports
What we're concerned about is the average transaction price of a vehicle is already at around $49,000, near an all-time high. So incremental or even major shifts in that pricing is going to affect demand, and that's a concern of us because that has a backward push on the supply chain with regards to production cuts and maybe employment cuts.