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- Concerning Uncertainty In MD Auto Industry
Concerning Uncertainty In MD Auto Industry
But first, a word from our newest Recommended Associate Member
“Baker Tilly is a top ten advisory tax and assurance firm dedicated to customized business solutions that generate and sustain growth. Our dealerships team provides tailored solutions designed to meet the unique needs of every dealership sector. Our experts are equipped to help businesses across a variety of sectors, including auto, motorcycle, RV, trucking, powersport, heavy equipment and boat dealers, to optimize financial operations, enhance operational efficiency and provide strategic planning and risk management support..”
IT’S THE INDUSTRY
Several perils face the Maryland auto industry in 2025. Staying up-to-date is more important now than ever
One uncertainty is the new inter-border tariffs and how long they will be in affect. These tariffs will directly affect the price of new cars and car parts, in turn costing the dealers and consumers more.
Peter Kitzmiller, President of the MADA, spoke with WMAR this week, elaborating on the potential impact.
“The estimates you see, they're kind of all over the board. But, I think it's a pretty safe assumption that we're looking at a three to six thousand dollar increase on the price of vehicles, if these tariffs remain in effect for any length of time.”
Another challenge faced by all MD dealers is the new budget proposed by the governor. Although the budget is still under review, it currently includes the repeal of the current Trade-In Value Tax Credit offered to dealers and customers when one vehicle is traded-in for tax credits towards another.
Fortunately we are already hard at work fighting this repeal. You can join in too and fight for your profits by scrolling to the bottom of this newsletter and following the instructions or by using the link below.
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IT’S COMMUNITY
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We want to feature YOU
🎉 After 12 incredible years at Jones, Doug Jones is officially retiring! 🚗✨
We would like to thank him for his years of dedication, leadership, and commitment to our team and customers. Doug, we wish you all the best in this next chapter—enjoy your well-earned retirement! 🎊👏
Thank you to everyone who Purchased a Vehicle during the month of January! We were able to make this donation to the Jarrettsville Lions Club!
Just in from @OurismanToyota40! 📰 They are kicking off a sponsorship for the Edgewood High School Band Boosters' Jazz on the Edge Festival! 🎉 It’s an honor to give back to the community and help inspire the next generation of musicians! 🎷🎶
Thomas Automotive is proud to sponsor the Bedford County Community Reading Day. We believe in the power of literacy and are committed to supporting initiatives that benefit our local youth. Learn more through the link below.
https://www.youtube.com/watch?v=O9j-PfmL9Qs
IT’S EVENTS
MADA Title & Registration Seminar
The Association has been offering Title & Registration (T&R) Seminars since 1993. After a pause during COVID, we're excited to be back!
Join us to review both the old and new T&R procedures, and take advantage of the opportunity to meet with MVA personnel who make day-to-day decisions that impact your business. These seminars provide a valuable forum for discussing issues that affect us all. One of the highlights is the insightful questions raised by attendees, which also benefit the MVA by shedding light on your challenges. The knowledge gained from these seminars can help you avoid potential problems at your dealership.
For more information and questions, please email [email protected]
IT’S FOR DEALERS
ATTENTION ALL DEALERS
It is imperative that the following material be printed, advertised, and shared at all locations.
For more information visit https://www.congressweb.com/mdauto/1/
Display the QR Code
Download, print, and display our custom QR Code within your dealership. This gives anyone who scans access to a simple, user-friendly advocacy form that sends letters straight to the applicable legislators.
Save the PNG
IT’S DATA
Or download the PDF
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