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March Auto Sales Might Be A Last Hurrah Prior To New Tariffs

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New tariffs on imported autos and auto parts in April may spur U.S. auto sales in March.
In March 2025, U.S. auto sales showed robust growth, with an estimated annual rate of 16.2 million vehicles, marking a significant increase from the previous year's 15.5 million, as reported by Cox Automotive. This surge was driven by strong consumer demand and improved inventory levels, particularly benefiting General Motors, Toyota, and Ford, which all reported double-digit sales growth. However, this could be the last hurrah for the auto industry before new tariffs on imported vehicles and parts, proposed by the Biden administration, potentially take effect. These tariffs, aimed at boosting domestic production and reducing reliance on foreign manufacturers, could increase vehicle prices and dampen sales in the coming months. The industry is bracing for impact, with executives expressing concerns over the potential economic repercussions and urging for a more measured approach to trade policy.

Read the Full Forbes Article at:
[ https://www.forbes.com/sites/jimhenry/2025/03/31/march-auto-sales-might-be-a-last-hurrah-prior-to-new-tariffs/ ]