Foreign Trucks Crush American Cars As Auto Sales Stagnate, Tariffs Awaited — Panjiva


Foreign Trucks Crush American Cars As Auto Sales Stagnate, Tariffs Awaited

China 1760 Cons. Discr. - Autos 661 European Union 406 Germany 162 Japan 381 South Korea 383 Tariffs 1170 U.S. 3301

U.S. sales of cars and light trucks fell by 0.1% on a year earlier in July on a SAAR basis with sales of imported vehicles rising 4% due to a 24% surge in SUV and light trucks sales. That far outpaced the 1% decline in sales of domestically produced cars and trucks and will likely reinforce the Trump administration’s determination to proceed with the section 232 review of the industry. In aggregate foreign automakers don’t appear overly concerned about the prospect of duties with U.S. imports down 4% in June after a 2% decline in the prior three months. That masks a marked differen...

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