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Stock impact report

Tariffs Sparking Pressure To Sell, Possible Dealer Consolidation [Forbes]

CarGurus, Inc. - Class A (CARG) 
Last cargurus, inc. - class a earnings: 2/13 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.cargurus.com/investor-relations
Company Research Source: Forbes
Ed Garsten There's no time to waste to move the 60-to-90 days supply of cars and trucks on lots of the 22 franchises in the . CEO Ryan Rohrman figures one the 25% import tariffs kick in on Thursday it will take two or three weeks before vehicles arrive that will cost more than those already on the ground. The game plan for the Lafayette, Indiana-based dealer group? Sell as many pre-tariff cars as possible, says Rohrman, since he's hearing the prices for vehicles subject to the tariffs will increase five-to-10%. Ryan Rohrman, CEO, Rohrman Automotive Group, based in Lafayette, Indiana. ... More Rohrman Automotive Group “If the average car right now is just shy of $40,000 you're looking at potentially up to, like a $3,500- to-$4,000 price increase,” said Rohrman, in an interview. “With the margins that we have on cars that would be very hard to sell if I have a pre-tariff car on the lot that's the same. I can't have a pre-tariff car compete with the same exact car that's $4,00 Show less Read more
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