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Trump Signs Orders to Scale Back Auto Tariffs

  • In the second quarter of 2025, Toyota's sales rose 7.2% while Subaru, Kia, and Nissan experienced declines, reflecting mixed automaker performance.
  • President Donald Trump's renewed tariffs and related uncertainty led shoppers to accelerate or delay vehicle purchases, impacting industry dynamics and consumer psychology.
  • Automakers have avoided broad price hikes, instead cutting incentives and raising prices selectively, as new car prices rose 1% to $48,799 in June amid record-high monthly payments.
  • Edmunds surveys reveal 44% of shoppers will definitely consider tariffs in buying decisions, 58% prefer used vehicles, and nearly 20% took loans with monthly payments over $1,000.
  • These trends suggest ongoing price pressures, greater consumer caution, and industry volatility that may persist as automakers and dealers navigate tariff-related challenges.
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The Hill broke the news in Washington, United States on Tuesday, April 29, 2025.
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