Browsing: auto industry

The automotive industry is influenced by several economic factors, including interest rates, consumer confidence, and supply chain issues. High interest rates and economic uncertainty can cause consumers to delay significant purchases like cars.

The recent imposition of tariffs on Canadian and Mexican imports by the Trump administration has sent ripples throughout the U.S. auto industry, particularly impacting the production of popular pickup trucks. Automakers are now grappling with increased costs, potential price hikes, and the need to reassess their supply chains.