US auto sales rise before #Trump tariffs set in #politics
Bloomberg Television·2025-07-03 14:18

Market Trends - Major automakers, including Ford, General Motors, Honda, and Toyota, reported sales figures for the second quarter [1] - Initial surge in car sales driven by consumers anticipating President Trump's tariffs [1][2] - Car sales experienced a slowdown in June after the tariffs were implemented [2] - The market is bracing for tougher times ahead for consumers, dealers, and manufacturers [3] Impact of Tariffs - Tariffs led to a "buying bonanza" as Americans sought to purchase cars before prices increased [1] - The surge in sales was followed by a "hangover" or payback in June as the effect of tariffs wore off [2]