President Donald Trump announced increased tariffs on new vehicles and some parts imported for sale into the United States, effective April 3, a move experts say will raise prices and reduce sales and production. +
Shortly following a multimillion-dollar penalty leveled by the FTC, AutoCanada Inc. is actively seeking a buyer for its 10 Illinois dealerships and hopes to close the deal by the end of 2025. +
Edmunds reports the U.S. auto finance market demonstrated stability in the face of uncertainty in February, with modest increases in loan cost, amounts financed, payments and terms. +
Automotive News reports U.S. Hyundai, Kia and Mazda dealers enjoyed double-digit gains in new vehicle sales compared with January 2024 while Ford and Toyota suffered modest losses. +
President Donald Trump levied new tariffs of 25% on goods imported from Canada and Mexico and 10% on imports from China with no exemptions for vehicles or auto parts. +
