https://macropaperwarehouse.com/authors/morteza-momeni/Morteza MomeniHugo -- gohugo.ioen-ushttps://macropaperwarehouse.com/papers/consumer-credit-and-the-incidence-of-tariffs-evidence-from-the-auto-industry/https://macropaperwarehouse.com/papers/consumer-credit-and-the-incidence-of-tariffs-evidence-from-the-auto-industry/<p><strong>Research Question.</strong> Do import tariffs affect consumer credit terms, and does focusing solely on goods prices understate tariff pass-through to consumers? The paper also asks whether vertical integration &ndash; specifically, the ownership of a captive finance subsidiary &ndash; expands the channels through which manufacturers can pass on cost shocks, and whether tariff incidence falls disproportionately on consumers with less elastic credit demand or in areas with lower credit market competition.</p>