institutional access

You are connecting from
Lake Geneva Public Library,
please login or register to take advantage of your institution's Ground News Plan.

Published loading...Updated

US Car Imports by State: A $219B Market Under Tariff Threat

  • At the start of 2025, the U.S. reinstated a 25% duty on numerous imported vehicles and automotive components originating from countries outside of North America, impacting the auto sector.
  • These tariffs led consumers to pull ahead purchases to avoid extra costs, with 28% doing so and 20% seeking to "Buy American," according to a survey from May 31 to June 3.
  • The tariffs also disrupted e-commerce, driving increased delivery costs, tighter return policies, and a rise in order returns, with almost three-quarters of executives reporting higher per-package delivery expenses.
  • In 2024, U.S. car imports reached $219.5 billion, with California placing second at $38.3 billion—an 11.4% increase—and Texas third at $26 billion, marking an 18.3% decline. Analysts predict that if the tariffs on vehicles and parts from countries beyond North America remain, imports from those regions may decline by nearly three-quarters.
  • These trends indicate a likely decrease in foreign vehicle imports, rising prices, and a possible shift of demand back to domestic production, compelling retailers to revisit their procurement and pricing approaches in order to maintain their market position.
Insights by Ground AI
Does this summary seem wrong?

39 Articles

All
Left
4
Center
31
Right
The Billings GazetteThe Billings Gazette
+32 Reposted by 32 other sources
Center

US car imports by state: A $219B market under tariff threat

CheapInsurance.com reports U.S. car imports hit $219 billion in 2024. Tariffs could raise prices and disrupt supply, impacting buyers and states.

·Billings, United States
Read Full Article
Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/yearSubscribe

Bias Distribution

  • 89% of the sources are Center
89% Center
Factuality

To view factuality data please Upgrade to Premium

Ownership

To view ownership data please Upgrade to Vantage

NBC LA broke the news in Los Angeles, United States on Tuesday, July 1, 2025.
Sources are mostly out of (0)

You have read 1 out of your 5 free daily articles.