Cox Automotive Inc.
9 min read
New Auto Tariffs Are Now in Place, Driving the Industry into Uncharted Territory 04/04/2025 It’s on! As our Chief Economist Jonathan Smoke feared, the “unthinkable” has happened. New automotive-specific tariffs of 25% on all imported vehicles are now in place. Finished automobiles are no longer flowing freely across North America, and key automotive free trade agreements have been scrapped. This significant shift in the automotive landscape is already creating a ripple effect that will impact sales, inventory, pricing and manufacturing.… Read Article
tariffs Market Insights Commentary & Voices
8 min read
Auto Industry Braces for Impact: 25% Tariffs on Imported Vehicles Set to Disrupt Market 03/28/2025 The Cox Automotive Economic and Industry Insights team reported on the U.S. auto market performance during the Q1 Industry Insights and Sales Forecast Call on Wednesday, March 26. As the call was taking place, everyone was keenly aware that the auto industry was one week from the “unthinkable,” as Chief Economist Jonathan Smoke called it: 25% tariffs on some imported automobiles. Just hours later, President Trump… Read Article
tariffs Market Insights Commentary & Voices
4 min read
“Unthinkable” Comes True: 25% Tariffs on Canada and Mexico Put Auto Market on Uncharted Road 03/04/2025 Tariffs of 25% across North America – depending on how long they last1 – could likely upend the auto market in the United States and the larger economy. As previously reported, the North American auto market has enjoyed 30 years of free trade, so new tariffs in place for any significant length of time will be disruptive. Roughly 44% of the new vehicles sold in the… Read Article
tariffs Market Insights Commentary & Voices
4 min read
Auto Industry Faces Uncertainty as Tariff Decisions Remain Unclear 02/18/2025 Admittedly, tariffs have been a central topic so far in 2025, with both actions and proposals coming fast and furious from the White House. Actions have been taken to close existing loopholes and exemptions in earlier steel tariffs, restoring full 25% tariffs on all steel imports, and to raise aluminum tariffs to 25% all beginning March 12 (unless directives change). Both products are central to automobile… Read Article
tariffs Market Insights Commentary & Voices
3 min read
Tariffs Across North America Will Upend the Auto Industry 02/04/2025 While the tariff story continues to evolve, the chapter written earlier this week was good news for the auto industry. Massive 25% tariffs were not implemented against goods from Canada and Mexico, at least not yet. And that is good news for everyone involved, as there is little doubt: Tariffs of 25% across North America would significantly upend the auto market in the United States and… Read Article
tariffs Market Insights Commentary & Voices