How consumers feel about the economy and their own economic prospects sit close to the heart of the decision to purchase a new vehicle. But in a worrisome sign for the future of vehicle sales consumers sentiment is slipping and price increases loom. Headlight.News has more.
Pres. Donald Trump’s tariffs will add billions to the cost of manufacturing vehicles in the U.S., as well as importing products from abroad. So far, however, automakers have been reluctant to pass those higher costs onto consumers, fearing that could trigger a sharp downturn in demand. How long they can continue swallowing those higher costs remains to be seen. More from Headlight.News.