The National Automobile Dealers Association (NADA) Show finished up in New Orleans last week, and an Automotive News poll of those gathered found dealers “overwhelmingly optimistic about President Donald Trump’s leadership, believing his administration will relieve electric-vehicle sales pressure and promote business, despite tariff risks.”
In Maine, Adam Lee is the chairman of Lee Auto Malls, one of the state’s largest auto dealership groups. Lee Auto Malls sells brands including Toyota, and last month it had its worst February in terms of net profit since 2009. As Mr. Trump has unveiled his tariff agenda over the past two months, “faith in the economy has seemed to be the lowest it has been in a long time,” Mr. Lee said. “People don’t buy cars when the world is in chaos,” he added.
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