Bracing for impact: Auto lenders respond to tariff uncertainty
25% auto import tariffs spur short-term sales boost, unclear future
The auto and industry is benefiting from short-term sales demand driven in part by looming tariffs, but is bracing for the long-term, unknown impacts of President Donald Trump’s aggressive trade policies. “The first phase of frenzy in the retail vehicle market has passed,” Jonathan Smoke, chief economist at Cox Automotive, said April 29. “Meanwhile, uncertainty […]
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