Starting Wednesday, April 2, there will be 25 percent tariffs on vehicles and auto parts imported into the United States. Brian Pecheles, the president of Pecheles Automotive Group, does not really know what to expect.

Key Takeaways General Motors and Ford reported first-quarter sales Tuesday as the auto industry braces for the impact of the Trump administration's planned tariffs.Ford's total vehicle sales declined 1.

An American Compass analysis attributes the quotas to an 8% increase in the cost of vehicles, more than 100,000 new U.S. jobs, eight new auto assembly plants, 300 new production facilities and more than $25 billon in foreign investment.

President Trump’s 25% tariffs on foreign-made automobiles took effect at 12:01 a.m. ET. The tariffs would cover finished automobiles and automotive parts, a senior administration previously said. The administration had considered exempting auto parts from the tariffs.

Trump said that a 25% tariff will be placed on all foreign-made automobiles imported into the U.S. becoming effective at midnight, April 3.

The array of automotive parts that President Trump plans to tariff is more extensive than the industry expected, raising concerns about significant cost increases for U.S.-built vehicles. As part of Trump’s tariff announcement Wednesday,

CNBC breaks down what investors should know about how the additional levies will impact individual vehicles and automakers.

Some car buyers and car dealers are collectively holding their breath as they brace for the 25% tariffs President Donald Trump is expected to impose on auto imports.