Contact: Libby Newman
NewmanL@aiada.org
(703) 519-7800
FOR IMMEDIATE RELEASE
May 17, 2019
Auto Dealers React to President’s Decision to Label Imported Autos and Parts a National Security Threat
Today's Order Creates More Uncertainty for Industry
Alexandria, VA (May 17, 2019) – The American International Automobile Dealers Association (AIADA) has released a statement in response to today’s proclamation by President Trump labeling imported vehicles and parts a threat to national security and issuing a 180-day window for addressing these threats with U.S. trading partners:
“The truth stands: imported autos and auto parts are simply not a national security threat," said AIADA President and CEO Cody Lusk. "Using this spurious claim as justification to force our trading partners into new negotiations will only create more uncertainty for America’s entire auto industry, including our country’s 9,600 international nameplate dealers and the 578,000 Americans they employ.
“If President Trump follows through on his threat to place 25 percent tariffs on imported autos and auto parts, he will be directly responsible for a drastic tax increase on American consumers, which could result in a loss of 2 million vehicle sales and jeopardize up to 700,000 American jobs.”
For more on the positive impact America’s international nameplate dealers have on our economy visit www.AIADA.org.
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About AIADA
Established in 1970, AIADA is and continues to be the only association whose sole purpose is to represent America’s international nameplate automobile franchises that sell and service the following brands in the United States: Acura, Aston Martin, Audi, Bentley, BMW, Ferrari, Genesis, Honda, Hyundai, Infiniti, Jaguar, Kia, Land Rover, Lexus, Maserati, Mazda, Mercedes, MINI, Mitsubishi, Nissan, Porsche, Rolls Royce, Scion, Smart, Subaru, Toyota, Volkswagen, and Volvo. These retailers have a positive economic impact both nationally and in the local communities they serve, providing over 578,000 American jobs. Visit AIADA online at www.aiada.org.
