US auto sales are losing momentum after a springtime surge fueled by shoppers racing to buy cars before President Donald Trump's auto tariffs drove up prices.
The springtime surge in US auto sales landed with a thud last month, setting up a slowdown in the months ahead as carmakers digest President Donald Trump's tariffs on auto imports and consumers find fewer deals.
-- Bloomberg News (@bloomberg.com) Jul 1, 2025 at 6:30 AM
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US second-quarter auto sales rise, tariffs may drive up prices
www.reuters.com
... The tariffs are expected to hit budget-friendly imported models, including Ford's compact Maverick pickup and GM's Trax, denting affordability concerns as the average new-vehicle price nears $50,000.
"Much of the pull-ahead demand that fired up sales in April and May has now been satiated, so consumer demand is expected to be weaker in the coming months," said Charlie Chesbrough, senior economist at Cox Automotive. ...
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