Reported about 12 hours ago
In August, major automakers like Toyota, Ford, Kia, and Hyundai reported significant sales increases as consumers responded favorably before the expiration of EV tax credits. Despite this positive trend, industry experts warn of a murky fall outlook due to the impending loss of tax incentives, high interest rates, and a challenging economic environment. This could lead to a slowdown in sales as costs rise from tariffs and inventory tightens.
Source: YAHOO