Automakers realized during the pandemic they could increase prices and reduce production and come out ahead. Import tariffs means you are, as a consumer, held captive by a domestic market to extract from you for your potentially non discretionary personal transportation needs. If you must have a car, the price is the price.
This has slowly been changing as of recently, but now tariffs are eating into automaker balance sheets to the tune of ~$30B, which will have to come from somewhere in transaction volume.
This has slowly been changing as of recently, but now tariffs are eating into automaker balance sheets to the tune of ~$30B, which will have to come from somewhere in transaction volume.