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The issue of tariffs isn't confined to the vehicles themselves, because a significant portion of the automotive industry involves parts production, particularly from Mexico, which ranks fourth globally for parts manufacturing. A tariff on these parts could lead to increased costs and possibly restrict the availability of replacement parts, complicating the servicing of existing vehicles.
Historically, issues like the chip shortage had already challenged the automotive industry, leading to record-high vehicle prices. With approximately a million vehicles potentially not being produced if tariffs remain in place, we could see a second round of vehicle shortages, which would further disrupt an already strained market.