The supply of new vehicles in the U.S. has significantly decreased, dropping from 91 days at the start of March to just 70 days this month. This sharp decline, reported by Cox Automotive, is one of the largest seen in recent years. Typically, monthly changes in days’ supply are between five to seven days. The used vehicle market also saw a reduction, with the days’ supply falling to 39 days. New vehicle sales have surged 22% above last year’s pace and are up over 8% year-to-date. Used vehicle sales have increased by 7% this year. These statistics highlight a rush by consumers to purchase vehicles before potential tariff-induced price hikes. However, there are concerns that sales may plummet once tariff-free inventories are exhausted. Analysts predict that higher production costs could lead to up to 2 million fewer vehicles sold annually in the U.S. and Canada.
Rapid Response 47
@RapidResponse47
·
Mar 26 White House Staff Secretary
@willscharf
: “In addition to spurring increased domestic manufacturing of cars and trucks, we expect that these tariffs will result in over $100 billion of new annual revenue to the United States of America.”
Karl Sarkans
@KarlSarkans
·
2h Approaching a shortage of new cars for sale in USA as buyers buy before new post tariff prices kick in.
Labor Notes
@labornotes
·
Apr 9 “In bargaining, there’s a truism that if the company doesn’t give it to you in writing, don’t believe it. These tariffs promise zero new factories will be built, but a couple things are certain: vehicle prices will go up and production will be disrupted.”
david D.
@secretsqrl123
·
Mar 27 if you are an american thinking about buying a car… do it soon or you may be shocked at what you have to pay in just a few days… 30K cars overnight may be 40K on the 3rd.i talked to a chevy dealer, they are making up new window stickers right now for once the tariffs kick
unusual_whales
@unusual_whales
·
Mar 26 Trump plans to impose tariffs on imported vehicles, with a potential cost increases up to $12,000 per electric vehicle due to supply chain disruption, per WSJ
Bab
@bab_102
·
Apr 11 Trump’s 25% tariffs on all vehicles shipped to the US are expected to raise car prices by thousands of dollars.
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