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Hot News!!!

UPDATE ON THE TRUMP ADMINISTRATION’S PROPOSED 25% TARIFF ON ALL IMPORTED VEHICLES AND PARTS:

On Thursday, June 19, Mark Hyman testified before a panel comprised of US Department of Commerce members who were accepting testimony related to the Trump Administration’s proposed 25% tariff on all imported automobiles and automobile parts, as a matter of national security. Speaking alongside Mark were several representatives of the automobile industry, representatives of major parts suppliers, and those from other industries that support the supply chain, all of which were speaking out in vehement opposition to this proposal.

Acting as a representative of the classic, collector and special-interest vehicle business, Mark’s testimony focused on the impacts such tariffs would have on our segment of the industry. Not surprisingly, it seemed that those in charge of drafting this legislation had little to no idea that vintage automobiles in America comprise a nearly $180 billion industry, which would be negatively and severely impacted should such proposed tariffs become law.

Mark believes that the Commerce Department representatives were interested and receptive to his testimony and that of others. Our hope is that his efforts and the efforts of all of those enthusiasts, collectors, and business owners who took the time to submit public comments will be heard, and that an exception will be granted to allow vintage vehicles to continue to be imported at the current import duty of 2.5%, and avoid the proposed tenfold increase.

A number of major news outlets and industry publications were on hand to report on this matter, and Mark was quoted in several articles including Bloomberg, CNN Money, and Forbes, among others, links to each are found below.

It is our profound desire that this proposed legislation be heavily revised or scrapped altogether. The potential for damage to virtually every segment of the automobile industry as a whole, including new, used, and vintage vehicles is massive. We hope that the administration listens to the voice of reason in this matter.

Mark and the whole team at Hyman Ltd. will continue to fight for our rights as members of this industry and as vintage automobile lovers ourselves. It has been an honor to represent you, our clients, friends and fellow enthusiasts and we will continue to stay abreast of the situation as it evolves.

Bloomberg News:
https://www.bnnbloomberg.ca/…/trump-s-25-tariff-could-stop-…

Forbes:
https://www.forbes.com/…/collateral-damage-vintage-car-co…/…

Sports Car Market:
https://mailchi.mp/…/breaking-news-scmer-mark-hyman-testifi…

Hagerty Online:
https://www.hagerty.com/…/classic-car-experts-urge-commerce…

A Hawaiian Television Station:
http://www.kitv.com/…/the-classic-car-industry-could-be-hur…

CNN Money:
https://money.cnn.com/…/au…/collector-car-tariffs/index.html

Stop the Proposed Tariffs on Collector Car Imports

 

Stand with Hyman Ltd and tell Washington "NO" on collector car import tariffs

 

To Our Valued Customers,

 

It has been brought to our attention by Marshall Miller of Miller & Company P.C. that on May 23, 2018, the Department of Commerce published a Notice of Request for Public Comment regarding Section 232, investigation into the importation of automobiles and their effect on National Security. Details of which can be found HERE.

 

Simply put, President Trump is considering action by Proclamation to apply an import duty of25% on ALL automobiles (this includes cars, SUVs, vans and light trucks), AND parts, regardless of age or origin. This would mean a 25% duty on ANY car – whether it be brand new or 100 years old. As automobile enthusiasts and professionals in the industry, we strongly urge you to vehemently oppose this unfair, dubious tax.

 

America currently applies a 2.5% duty on imported cars, which is waived on those of American origin. Under Trump’s proposal, we face a tenfold increase will surely cause retaliation from the European Union in the same manner the recent steel tariffs has proven. 

 

Clearly, the importation of classic and collectible vehicles has absolutely no impact on our National Security, and these proposed tariffs would only serve to harm the countless individuals and independent businesses who buy, sell, restore and transport cars. The collector car hobby is a multi-billion dollar-per-year business, and we must work together to fight this ludicrous proposal. Washington bureaucrats have no understanding of the impact such a political stunt would cause, therefore it is our responsibility to educate them.

 

The purpose of this letter is to ask you all to join us in appealing to officials to remove any and all language related to “Used Automobiles and Parts”, and separate any content that could be perceived as pertaining to the collector car hobby from this proposed 25% tariff.

 

The process for commenting is simple:

 

Go to https://www.regulations.gov/docket?D=DOC-2018-0002 and click the COMMENT NOW button on the right of the page. It takes no more than a few minutes to support the separation of all language related to “used vehicles and parts” from the proposed tariff. The deadline for submitting comments is June 22, 2018.

 

In addition, we urge you to contact your Senators and Representatives to warn them of the adverse effects these proposed tariffs will have not only our beloved hobby, but more importantly the risk they pose to the thousands of passionate and hard-working Americans who make their living in the business of collector vehicles.

 

We send our sincerest thanks to Attorney Marshall Miller of Miller & Company P.C. for bringing this critical matter to our attention. Miller & Company are highly respected experts in all matters of international trade, and they can be contacted at www.millerco.com. We thank you for your support and encourage you to act swiftly and share this letter on social media and among your friends in the hobby.

 

Sincerely,    

 

Mark and The Team at Hyman Ltd.

AACA Museum, Inc. Donates Check to Children’s Miracle Network at Penn State Health Children’s Hospital from 
2017 Night at the Museum Fundraiser
Hershey, PA (June 4, 2018) As the Children’s Miracle Network kicks off its annual telethon fundraiser today, we’re excited to share our results from our recent joint fundraiser event. In the fall, the AACA Museum, Inc. partnered with the Children’s Miracle Network at Penn State Health Children’s Hospital for our annual Night at the Museum fundraising event. The goal of the evening was to raise funds for both kids and cars. Now that all proceeds have been collected, we are proud to say that the event raised $17,773 for the Children’s Miracle Network (CMN). 
Jeff Bliemeister, AACA Museum, Inc. Executive Director presented this check to Caden Capitani, our CMN Ambassador, and Elizabeth Wilson, Assistant Director at Children’s Miracle Network. 
The Capitani Family – Frank, Jessica & Caden were our Miracle Family Ambassadors for Night at the Museum. Caden was also the 2015 CMN ‘Champion of the Year,’ spreading his story nationwide. The Capitani family served as national spokespeople for Children’s Miracle Network Hospitals. During the Night at the Museum event, Jessica spoke on behalf of the family and shared a touching and moving story of their experience with the Children’s Miracle Network.

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SEE YOU ON THE RAIN DATE

     1936 Bentley 4.5

         Litre Tourer

One of six RC-Series 4 ½ litre cars built by Bentley Works Service. Fabulous provenance with just five previous owners. Fully restored in England and updated with high-compression pistons. Powerful, fast, and robust. A wonderful Vintage Bentley, ready for adventure.​

Offered for: $575,000

full and partial trades considered

Hyman Ltd. Classic Cars, 2310 Chaffee Dr, St. Louis, MO.

314 524-6000

www.HymanLtd.com

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717-933-0222

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www.NortheastWheelsEvents 

www.SoutheastWheelsEvents 

www.UKWheelsEvents

AACA Museum,Hershey PA

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