Reported about 10 hours ago
After a brief surge in car sales driven by consumers rushing to purchase before tariff-induced price hikes, US auto sales are losing momentum. In June, the annualized selling rate dropped to its lowest pace in a year, with many consumers becoming hesitant about big purchases due to economic uncertainty. Automakers like Subaru and Nissan reported declines in sales, while the average price of new cars continues to rise, putting additional strain on buyers, with a significant number taking on high monthly payments.
Source: YAHOO