An auto advisory firm has forecast that tariffs will lead to a decline of two million fewer auto sales in the US this year. The prediction is based on the impact of tariffs on the automotive industry, which is expected to affect consumer demand and ultimately reduce car sales.
The forecast comes as the automotive industry navigates the transition to electric vehicles (EVs) and faces challenges from global trade policies. Auto advisory firm experts believe that higher tariffs will increase production costs and make EVs less competitive in the market.
Kalea Hall, a reporter at Thomson Reuters, covers the Detroit Three automakers, including General Motors, Ford, and Stellantis. Nora Eckert, also a reporter at Thomson Reuters, focuses on Ford, GM, Stellantis, and the United Auto Workers, with an emphasis on the industry’s shift to EVs.
The impact of tariffs on the US auto market will be closely monitored in the coming months, as consumers and manufacturers adjust to the new trade landscape.
Source: https://www.reuters.com/business/autos-transportation/tariffs-will-lead-2-million-fewer-auto-sales-us-this-year-auto-advisory-firm-2025-04-07