FOCUS: Auto tariff impasse sends U.S. prices up, demand down

FOCUS: Auto tariff impasse sends U.S. prices up, demand down

No deal before the initial July 9 deadline for U.S. "reciprocal" tariffs is expected to pressure Toyota Motor Corp. and other major carmakers to raise prices to offset higher import costs -- a strategy likely to dent demand and further squeeze profits.

U.S. used vehicle prices up in June as auto tariff impacts continue

U.S. wholesale used vehicle prices, a combination of mileage and seasonally adjusted basis, were more elevated in June compared to May, according to Cox Automotive. Its Manheim Used Vehicle Value Index (MUVVI) rose to 208.5, revealing a 6.3 per cent year-over-year increase and 1.6 per cent increase above May levels.  Cox Automotive said the seasonal adjustment pushed the index higher in the month, as non-seasonally adjusted values declined more …

Trump Extends Tariff Pause to August 1, Leaving Automakers in Limbo

Following a 90-day pause on country-specific tariffs for negotiations, announced in early April by Donald Trump, the U.S. President has now come back to the issue by sending letters to several states outlining results from the three-month period.