Top headline: New York Times, 3/226/2025
Bottom headline: Michigan Advance, 3/27/2026
Andrew Roth reports in Michigan Advance:
Chief economist Jonathan Smoke said the analytics company, which surveys more than 1,000 car dealers to produce a quarterly sentiment index, revised its forecast to reduce the number of new vehicle sales expected this year from 16.3 million to 15.6 million, a 4.3% decrease that equals a 700,000 vehicle decline.
Smoke made the forecast Wednesday, just hours before Trump imposed a 25% tariff on imported cars and light trucks.
Smoke said while their original forecast predicted sales of new vehicles would increase by one to two percent over last year, their updated projections represent a decrease of one to two percent from last year.
“If we do see circumstances turn for the negative, it will be a squandered opportunity as we were poised for continued growth,” Smoke said.
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