Here are some of the latest announcements on tariff strategies by 12 volt suppliers:
Scosche raised prices by 5 to 13 percent on some wiring kits September 1 and then implemented a second price hike on dash kits and additional wiring harnesses October 1.
“We held out as long as we could, hoping the situation would dissipate…Unfortunately, we realized it wasn’t going away and we had to react.,” said Nathan Perkins, Scosche 12 Volt Team Manager. The company is not ruling out making more price adjustments in January, although it hopes to avoid them.
Cedar Electronics, maker of Escort and Cobra has been hard hit be tariffs in 5 of the 6 product categories it sells. But it is keeping prices steady for the time being.
The most troublesome tariff for the company is the 25 percent fee on CB radios that hit on the first round of tariffs in July. Radar detectors, including Escort custom detectors that are built in the US, have also been slapped with a 10 percent tariff. Dashcams are also on the tariff list.
The company has filed for an exemption and is waiting to see if its application is granted.
“We’re committing to holding off on any price changes through the holiday season. We brought in a great deal of inventory prior to the institution of the tariffs. For some products, we weren’t able to bring in enough so we’re just cost adjusting,” said Cedar VP Marketing and Business Development Mark Karnes.
As with other suppliers, it will re-evaluate its pricing position in January, as tariffs on goods such as dashcams, radar detectors, amplifiers and other 12 volt good are due to rise at that time from the current 10 percent rate up to 25 percent.
As we reported earlier, in an ironic twist, Cedar recently opened a factory near Ohio to supply custom radar detectors, but the US made products use some Chinese parts and so they incur a tariff.
Automotive Integrative Solutions (AIS), the driver assistance brand, said it is not planning to raise prices on its products.