Buyers worried about future price increase under Trump tariff plans kept dealers busy during April. But momentum is expected to sputter out when sanctions go into effect on May 3, potentially raising vehicle prices by thousands of dollars. Headlight.News has more.
General Motors revised its full-year financial forecast and said the auto tariffs put in place by Pres. Donald Trump could cost it as much as $5 billion this year – despite the White House move this week to offer automakers some modest relief. As a result, it expects to see sales, revenues and net income fall sharply when compared to its original forecast for 2025. More from Headlight.News.
Better late than never? Tesla has spent years debating whether to add a more affordable EV to its existing line-up. It’s finally moving forward and, despite yet another delay, will finally add the vehicle to its line-up in June. Details have yet to be released but it’s expected to be a stripped-down version of Model Y starting at less than $30,000 — with a low-priced take on the Model 3 likely to follow. But will this draw in entirely new buyers or cannibalize sales of Tesla’s existing line-up? More from Headlight.News.
Trump’s tariffs are beginning to unnerve consumers as they eye purchasing new vehicles, forcing some buyers to jump off the fence and race into dealerships, while others have decided to wait out the chaos. Headlight.News has more.
President Trump signaled tariffs on Chinese imports would “come down substantially,” though no specifics have yet been released by the White House. The news had stock markets rallying and automakers hoping this could reduce their own burden, analysts previously warning that tariffs could cost the U.S. industry up to 2 million sales this year. But manufacturers are still facing big hits from tariffs on Mexican and Canadian-made autos and auto parts, reports Headlight.News.
Motorists around the world are becoming increasingly comfortable with purchasing and owning EVs, according to a new study, though Americans lag well behind their counterparts in Europe and, in particular, China. Credit the longer range, faster charging and lower costs of newer EV models, consumers told McKinsey & Co. Headlight.News has more.
Tesla has long promised to deliver an “affordable” battery-electric vehicle, but the project has yet again been delayed, according to a new report. With competition coming in the under-$30,000 segment, the delay could add to Tesla’s woes as sales continue to sag, driving down both Tesla’s earnings and stock price. Headlight.News has more.
Tesla sales have fallen all over the world, much of that due to backlash against CEO Elon Musk’s political ties to the Trump administration. Now, the automaker’s share of the bellwether California EV market has dipped below 50%, as competitors draw in EV buyers with a flood of new products.
As buyers snap up unsold vehicles, Ford cautions dealers prices will be going up as the result of the new Trump auto tariffs. And other manufacturers say they likely will follow. More from Headlight.News.
When it comes to SUVs, flexibility is king! If you’re looking for a smaller 3-row midsize SUV, you’ve got plenty of options from Hyundai, Mitsubishi and others. However, the best of the group may be the 2025 Kia Sorento HEV SX-Prestige AWD. Check out our review of the Sorento hybrid at Headlight.News.
The Kia EV3 was named World Car of the Year at the annual New York International Auto Show, with Volvo, Porsche, BYD and Volkswagen also nabbing five other awards. As Headlight.News reports, EVs, dominated.
Kia continued its aggressive roll-out of battery-electric vehicles with the launch of the new EV4 at the New York International Auto Show. With a range of up to 330 miles per charge, the compact EV will become the brand’s new all-electric price leader. The automaker also rolled out a special version of its big EV9, the Nightfall Edition. Headlight.News has more.