Join Date: Oct 2004
Location: laguna beach, so cal
25 % Tax on classic Alfas
from an article: ( I hope Weathertech imported their $70M GTO in time !! )
July 3, 2018 11:43 am
Classic And Used Cars Are Falling Victim To US Trade War
The trade war between the United States and Europe may lead to severe repercussions for car enthusiasts worldwide. While the trade war is aimed at new car manufacturers, it’s one classic car and even used car buyers worldwide can fall victim to.
Classic cars are traded on a global scale by dealers, auctions and private collectors. Low import duties on classics, along with record-low ocean shipping rates, allow automotive enthusiasts to purchase cars from overseas with ease.
The U.S. is one of the largest sources of cars popular with classic car enthusiasts. According to data provided by Piers, there are more than 35,000 classic cars exported from the U.S. each year in containers. Everything from American classics like the Mustang and the Camaro, to European sports cars like the Porsche 911 are exported from the U.S. Just in the U.S., auctions sold $1.31 billion worth of classics in 2017.
Open trade benefits classic car owners on each side by making it easy to purchase and sell, increasing the value and preserving the very special examples. The recently proposed import duty of 25 percent will be met with a reciprocal 25 percent in Europe, essentially removing foreign buyers from U.S. and European markets. The end result will be that collectors on both side of the Atlantic will see less demand for their cars.