Car Sales Cooled in June as Trump Bump Fades
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The U.S. auto industry’s Trump bump was short-lived. New-vehicle retail sales appear set to dip in June to the slowest pace in a year, a reversal from early spring when consumers raced to snap up new cars before tariffs kicked in. General Motors Ford Motor Toyota and most other automakers reported their latest sales Tuesday, quantifying the latest twist in the industry’s roller-coaster ride since the Trump administration rolled out sweeping duties on imported cars and car parts.
📄 Summary
The U.S. auto industry’s Trump bump was short-lived. New-vehicle retail sales appear set to dip in June to the slowest pace in a year, a reversal from early spring when consumers raced to snap up new cars before tariffs kicked in. General Motors Ford Motor Toyota and most other automakers reported their latest sales Tuesday, quantifying the latest twist in the industry’s roller-coaster ride since the Trump administration rolled out sweeping duties on imported cars and car parts.