All articles tagged with #auto prices
The U.S. economy showed resilience in the first half of the year with a surge in consumer spending and revised GDP growth to 2.9%, driven by financial services, information, and manufacturing sectors. However, rising tariffs and a weaker labor market pose challenges, and economists remain cautious about sustained growth.
Japanese automakers like Toyota, Honda, and Nissan are feeling the impact of U.S. tariffs, which have led to significant profit declines in North America and prompted some companies to pass costs onto consumers, despite denials. The tariffs have also affected Japan's export figures and prompted increased U.S. manufacturing investments by Japanese automakers.
After years of inflationary increases, the prices of cars and trucks in the United States are finally slowing and, in some cases, falling due to a significant increase in vehicle inventory. The worldwide shortage of computer chips, which caused price spikes, has now eased, leading to a rise in auto production and a decrease in prices. Discounts and incentives for new vehicles have increased, making it a more affordable time to buy a car or truck. However, the supply of used vehicles remains limited, keeping prices relatively high.