July 19, 2024

Are You Starting the New Year Looking for a New Car?

Buying a new car at the beginning of the year was not really in the budget, but the accident that totaled your daughter’s car was not expected either. The good news was that your daughter was not heard when the other driver ran the red light. The bad news is that the car was totaled. Knowing that there are often some really good car deals to find at the beginning of the New Year, you made the decision to transition right from Christmas gift opening to new car shopping.
With the latest news of another U.S. car company shutting down more plants it was tempting to look at American made cars. In the end, however, you realized that Japanese engines for sale in California were likely to give you the best deal. In fact, both new and used Japanese engines offer a real value to any car buyer.

Japanese Engines for Sale in California May Come with Extra Import Taxes in the Near Future

In a time when the world economy is waiting to see what the latest Presidential administration will threaten next, it should come as no surprise that there are many who think that now is the time to order the products that you want before any big changes occur.

Consider some of these statistics about how Japanese imports might effect the nation’s economy if taxes are changed in the future:

  • 7.83 million passenger vehicles are produced every year in Japan.
  • Estimates indicate that 11 million vehicles will be produced by Toyota by the year 2023.
  • In the year 2016, U.S. goods imports from Japan totaled $132.2 billion.
  • Japan was the U.S.’s fourth largest supplier of imported goods in the year 2016.
  • Honda, often built in Japan, sold more than 4.7 million automobiles across the world in the 2016 fiscal year.
  • The top import category from Japan to the U.S. in 2016 was vehicles at $50 billion.
  • The second highest import category from Japan to the U.S. in 2016 was machinery at $29 billion.
  • The third highest import category from Japan to the U.S. in 2016 was electrical machinery at $16 billion.

This week Americans might again be looking at buying cars made in this country, but even as a major car manufacturer announces cutting thousands of jobs Japanese imports continue to be a part of our entire economy.

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