Story perspectives

U.S. Auto Sales Slow Amid Tariff Fears and High Prices

7/2/2025

50 10

Summary

Story summary

U.S. auto sales experienced a slowdown in June following a spring surge, influenced by anticipated 25% tariffs on imports.
Sales rose by 173,000 units in March and April but fell by mid-May.
High vehicle prices and interest rates are hindering buyer interest, affecting post-pandemic recovery.
Despite the slowdown, major automakers like Ford and Kia reported second-quarter gains.
The average new vehicle price hit $46,233, with further price increases likely.

1 of 1

Story summary

U.S. auto sales experienced a slowdown in June following a spring surge, influenced by anticipated 25% tariffs on imports.
Sales rose by 173,000 units in March and April but fell by mid-May.
High vehicle prices and interest rates are hindering buyer interest, affecting post-pandemic recovery.
Despite the slowdown, major automakers like Ford and Kia reported second-quarter gains.
The average new vehicle price hit $46,233, with further price increases likely.