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US car sales slow after tariff-driven buying surge ends | Automotive Industry News

13 August 2025
in World
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US car sales slow after tariff-driven buying surge ends | Automotive Industry News
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US car sales have declined due to a pre-tariff buying surge, with new car sales dropping by 300,000 in June, while prices are expected to rise 4-8% amid ongoing tariff uncertainties. The electric vehicle market is also suffering, with significant sales declines reported by major manufacturers as tax credits diminish, leading to increased consumer reliance on used cars.

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Tags: AutomotiveAutomotive IndustryBusiness and EconomyBuyingcarDonald TrumpEconomyendsIndustryInternational tradeNewsSalesSlowsurgetariffdrivenTrade War
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