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Luxury cars buckle up for tariffs
CNBC Televisionยท 2025-08-15 15:15
From Lamborghini to McLaren, these new 15% tariffs on sports cars wasn't as bad as some expected, but it could cause even some of the wealthiest buyers to hold off on purchasing a new car. Our Robert Frank is live from Pebble Beach this morning with that story. Morning, Robert.Carl, great to see you. Well, classic cars are exempt from tariffs. So, this 1969 Lamborghini, estimated at $2 million, would only pay the existing 2.5% duty.So they wouldn't pay any extra tariffs. But a new Lamborghini is going to co ...