New car sales get surprising boost, for now, as consumers fear tariffs and higher prices
CNBC·2025-09-25 16:43
DETROIT — Uncertainty surrounding U.S. regulations on tariffs, electric vehicles and other auto-related issues have given new car sales a surprising boost heading into the fourth quarter, according to a new industry analysis.Cox Automotive on Thursday raised its 2025 new vehicle U.S. sales forecast to 16.1 million from a previous range of 15.6 million to 15.7 million due to stronger-than-expected demand so far this year. That would be up from roughly 16 million vehicles sold domestically in 2024.Cox analyst ...