Reported about 17 hours ago
During Monterey Car Week, luxury automakers expressed concerns over two primary economic challenges: fluctuating tariffs and a potential slowdown in high-net-worth consumer spending. Despite a framework for a trade deal between the US and EU, significant tariffs on EU auto imports remain. Executives from brands like Lamborghini and Maserati worry about inflation's impact on costs and the unpredictability in luxury buying behavior, suggesting that while wealthy consumers are still engaging in purchases, there is noticeable hesitance in the market.
Source: YAHOO