Sales of cars and light trucks in the U.S. remain depressed despite dealer reopenings in the wake of COVID-19. Total sales fell by 23.3% year over year in June and were only inline with those of May at 1.34 million vehicles. Sales of foreign light trucks did best with a 2.3% improvement after dipping by just 5.0% in May. Automakers face the challenges of the implementation of the USMCA trade deal in July as well as a potential deterioration of U.S.-EU relations in deciding what to do next. So far most are taking a conservative approach. U.S. seaborne imports of cars and light trucks fell...
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