The Weekly: Trump threatens massive EU tariffs, NY Car Dealer bashes EV mandates, Rise in payment extensions for auto loans

Welcome to The Weekly—your go-to roundup of the top five auto industry headlines. This week's top stories:  1. Trump moves to hit EU with 25% tariffs ‘on cars and all other things’ 2. Senator Bernie Moreno claims new legislation will lower car prices 3. New York dealer says state’s EV sales rule is not practical 4. Auto lending competition heats up as car buyers spend tax refunds 5. Auto lenders increasingly turn to payment extensions Have a tip for our editorial team? Send us your scoop at [email protected]. This episode is brought to you by: OPENLANE - The world’s best online dealer marketplace for used cars, bringing you exclusive inventory, simple transactions, and better outcomes. Learn more at https://www.openlane.com/ Have a tip for our editorial team? Send us your scoop at [email protected]. This episode is brought to you by: Team Velocity – Check out their Automotive Leadership Roundtable, an insightful panel hosted by the Car Dealership Guy himself, Yossi Levi, bringing together top industry insiders and experts. Don’t miss the full discussion here: https://www.youtube.com/live/NVX41sdMy-o?si=SFaAsKC0PL2tSePm Prefer to read? Take a look at the companion newsletter for this episode here: https://news.dealershipguy.com Check out Car Dealership Guy’s stuff: CDG News ➤ https://news.dealershipguy.com/ CDG Jobs ➤ https://jobs.dealershipguy.com/ CDG Recruiting ➤ https://www.cdgrecruiting.com/ My Socials: X ➤ https://www.twitter.com/GuyDealership Instagram ➤ https://www.instagram.com/cardealershipguy/ TikTok ➤ https://www.tiktok.com/@guydealership LinkedIn ➤ https://www.linkedin.com/company/cardealershipguy/ Threads ➤ https://www.threads.net/@cardealershipguy Facebook ➤ https://www.facebook.com/profile.php?id=100077402857683 Everything else ➤ dealershipguy.com This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions.