Young Research & Publishing Inc.

Investment Research Since 1978

Disclosure

  • About Us
    • Contributors
    • Archives
    • The Final Richard C. Young’s Intelligence Report
    • You’ve Read The Last Issue of Intelligence Report, Now What?
    • Dick Young’s Research Key: Anecdotal Evidence Gathering
    • Crisis at Vanguard
  • Investment Analysis
    • Bonds
    • Currencies and Gold
    • Dividend Investing
    • ETFs & Funds
    • Investment Strategy
    • Retirement Investing
    • Stocks
    • The Efficient Frontier
  • Investment Counsel
  • Dynamic Maximizers®
  • Retirement Compounders®
  • Free Email Signup
  • Dick Young’s Safe America

Will Tariffs Suck the Life out of Auto Sales?

July 6, 2018 By Young Research

By Greentellect Studio @ Shutterstock.com

With the tariff fight heating up, U.S. automakers are worried about the impact on their business. Adrienne Roberts reports in The Wall Street Journal:

But industry executives warn that momentum could stall in coming months as President Donald Trump threatens to impose tariffs that are projected to cost the auto industry billions of dollars and could raise some car prices by nearly $6,000, according to estimates.

Overall U.S. auto sales increased by 1.9% in the first half of the year. June sales increased by about 5%, according to analysts, boosted by an additional selling day compared with last year.

General Motors Co., reporting for the first time since it announced it would move to reporting sales on a quarterly basis in April, said year-to-date through June, its sales were up 4.2% to 1,474,170 vehicles. Both Toyota Motor Corp. and Fiat Chrysler Automobiles NV posted sales gains for the first six months, while Ford Motor Co. and Honda Motor Co.’ssales were relatively flat. Nissan Motor Co. reported a nearly 5% decrease in sales for the first half of the year.

“Tax reform raised take-home pay, consumer confidence is high and household balance sheets are healthy,” GM Chief Economist Elaine Buckberg said. “All of this plus a strong job market makes consumers more willing to commit to major purchases like vehicles.”

This year, as the price of vehicles continues to rise and sales remain strong, consumers are on track to spend $215 billion on new vehicles in the first half of the year, nearly $5 billion more than the first six months of 2017, according to J.D. Power. The average new vehicle transaction price is expected to reach $32,221 for the first half of the year, a record, said J.D. Power.

Read more here.

Share this:

  • Email
  • Twitter
  • Facebook

You Might Also Like:

  • China’s Relentless Auto Sales Slowdown
  • Are Low Rental Sales Signaling the End of the Auto Boom?
  • Do Chinese Auto-Sales Spell Danger for its Economy?
  • Author
  • Recent Posts
Young Research
Latest posts by Young Research (see all)
  • Happy Martin Luther King Jr. Day! - January 18, 2021
  • Happy New Year! - January 1, 2021
  • Merry Christmas! - December 25, 2020

Search Young Research

Most Popular

  • The Fed is Sacrificing Retirees to Save the Banks
  • Dick Young’s Safe America: Chapter 1, Part I
  • I’ve Been in Richard Young’s Maximizers for Years
  • Vanguard Wellesley (VWINX) vs. Wellington (VWELX): Which Fund is Best?
  • The Highest Yielding S&P 500 Stocks
  • The Power of a Compound Interest Table
  • Whether Through Audacity or Ignorance, Stock Fundamentals Are Being Ignored
  • Jim Simons's Renaissance Technologies vs. Internet Forum Traders
  • Smith Family Robinson in Live Free or Die, NH
  • February RAGE Gauge: Americans Focusing on What's In Front of Them

Don’t Miss

Default Risk Among the Many Concerns with Annuities

Risk and Reward: An Efficient Frontier

How to be a Billionaire: Proven Strategies from the Titans of Wealth

Could this Be the Vanguard GNMA Winning Edge?

Cryptocosm and Life After Google

Warning: Avoid Mutual Fund Year End Distributions

Is Gold a Good Long-term Investment?

How to Invest in Gold

Vanguard Wellington (VWELX): The Original Balanced Fund

What is the Best Gold ETF for Investing and Trading?

Procter & Gamble (PG) Stock: The Only True Dividend King

The Dividend King of the North

You’ll Love This if You’re Dreaming of an Active Retirement Life

RSS The Latest at Richardcyoung.com

  • The Fundamental Disconnect of “Unity” and the Progressive Left
  • Unmasking Heath and Human Services Secretary Nominee Xavier Becerra
  • Absentee Ballots Not Verified
  • SARS-CoV-2: Probability of Outdoor Airborne Transmission Very Low
  • Your Personal Safety: Concealed-Carry How to Carry Your Freedom
  • Mostly Peaceful, Ungovernable Protestors
  • Biden’s Inaugural, the Most Confusing, Contradictory, Incoherent Ever?
  • Is the GOP Over? Not Even Close: Here’s Why
  • Impeaching an Ex-President is Unconstitutional
  • Ten Republican Senators to Get Behind

About Us

  • About Young Research
  • Archives
  • Contributors

Our Partners

  • Richard C. Young & Co.
  • Richardcyoung.com

Social Media

  • Facebook
  • Twitter
  • Youtube
  • Pinterest

Copyright © 2021 | Terms & Conditions

loading Cancel
Post was not sent - check your email addresses!
Email check failed, please try again
Sorry, your blog cannot share posts by email.