Paying for a new car is getting more complicated as monthly payments climb and the length of loan contracts increase. It doesn’t help that interest rates remain high. More from Headlight.News.
auto sales
Federal Reserve Rate Cut May Not Help Increasing Price-Sensitive Car Buyers
Facing an uncertain economic environment that threatens to undermine demand for retail sales, including new vehicles, the Federal Reserve Board voted to cut interest rates. But it’s far from clear that will be enough to head off an automotive downturn worsened by anticipated tariff-driven price hikes. More from Headlight.News.
Trump Tariffs Taxing New Vehicle Sales in June
Depending upon which set of numbers you examine, new vehicle sales are going to rise a bit in June or fall a bit in June. Ultimately, the impact of the Trump tariffs is being felt by automakers and the dealers that sell those vehicles. Go to Headlight.News where we try to make sense of what the experts are predicting.
Trump Expected to Cut Back Auto Tariffs
Pres. Donald Trump is expected to deliver good news for the auto industry during a visit to Detroit Tuesday. U.S. Commerce Secretary Howard Lutnick signaled there will be cuts made to the tariffs that were expected to result in as much as a 2 million unit reduction in new vehicle sales this year. Headlight.News has more.
Trump Announces Tariffs on Imported Autos, Auto Parts – Threatening Auto Sales, Earnings
President Donald Trump formally announced that 25% tariffs targeting imported autos and auto parts will go into effect on April 3, though final details impacting some Canadian and Mexican imports have yet to be finalized. Trump promised the move will spur significant growth in the domestic auto industry. But many analysts, along with industry officials, warned it could result in a hit to industry sales and earnings, driving many potential customers out of the new vehicle market. Headlight.News has more.
Scout’s Direct-to-Buyer Sales Plan Sets Off Dealer Backlash
Auto dealers are ready to go to war with Scout Motors over the new brand’s plan to sell directly to customers without using franchised retailers. Scout is also planning to build separate service centers, which are emerging a key part of the EV landscape.
New Vehicle Sales Expected to Drop for Q3
Analysts at Cox Automotive predict new vehicle sales in the U.S. will drop 2.1% on a year-over-year basis. They point to expected declines by General Motors, Toyota and Stellantis as the primary reason for the slide. However, it’s not all bad news. Find out why at Headlight.News.
March Auto Sales Look Strong – But Affordability Remains an Issue
After an uncertain start, U.S. auto sales showed solid momentum in March, with big gains by Japan’s big three and record numbers from Hyundai – which was charged up by EV demand. But Tesla posted a rare sales slid and GM lost ground during the first quarter. Meanwhile, high transaction prices continue to keep many buyers out of the market.
New Vehicle Sales Going Strong in February
After a bit of dip in January, automakers are expected to report strong numbers for new vehicle sales in February. The first two months of the year are typically slower, so February’s expected returns are a pleasant surprise. Get details at Headlight.News.
Automakers Setting Records with November Sales Numbers
Analysts predicted new vehicle sales results for November would be strong and now that the numbers are in, they were right. Some companies even enjoyed record-setting tallies for the 11th month of 2023. Check out the results at Headlight.News.
Third Quarter New Vehicle Sales Outpace Analysts’ Predictions
New vehicle sales were strong in September rounding out a very robust third quarter. Automakers enjoyed an 18.8% jump compared to the year-ago numbers. Get details at Headlight.News.