New Tariffs Officially Hitting 12V Industry & products
Last month, the Trump administration announced the latest round of tariffs on Chinese imports that will add up to a 10% import tax on “industrially significant technologies” (meaning more than 100 car parts and accessories). Unfortunately for small businesses like ours, and for our customers, this means price increases on many products.
Going into effect on September 24, these new tariffs will be tacked on to products like Amplifiers, Remote Starts, back up sensors and cameras, and more. New pricing from many of our vendors was effective on October 1, 2018.
What this means for everyone
Luckily, we knew this was coming and were able to place limited orders for certain products and models before our Vendors were forced to raise prices. With those orders, we will still be able to offer you, our valued customers, the “before tariff” prices on many items while those supplies last. We’re doing everything we can to keep our prices as low as possible for as long as possible, especially with the holidays almost upon us.
We’re still working with our vendors and trying to absorb some of this increase ourselves, so you don’t have to see a large price hike, but we can’t yet guarantee what products will see an increase, what the increase will be, or when it will take effect. Some products will be impacted a little less, and others a little more.
Once we sell through our stock of those items we were able to order at the “before tariff” pricing, our end prices to you will, unfortunately, start to increase. We expect the price increases to reach you starting later this month and certainly by November 1st.
We’re Here For YOU
We’re dedicated to bringing you the best products and services at the best prices, and we will continue to do so for as long as we’re in business. Let this information serve as fair warning, but also an explanation as to why our prices will inevitably be increasing soon. Just like we prepared by ordering what we could from our vendors before prices rose, we suggest that you prepare too.
So, if you’ve been eyeing something in our stores, we recommend you talk to one of our Sales Associates about it sooner rather than later. And of course, we’re here to help in any way we can. Feel free to reach out to us with any questions or concerns about these tariffs.