Looming tariffs on auto imports and a potential trade war are expected to lead to higher prices for consumers and tighter inventories of new and used vehicles in the United States, according to Cox Automotive’s 2025 market forecast.
On March 26, Cox Automotive industry analysts gave a media presentation highlighting first-quarter market insights and performance expectations for the year ahead.
Founded in 1991, Cox Automotive provides vehicle remarketing services and digital marketing software for automotive dealers, consumers, and a variety of global businesses that serve the industry.
Chief Economist Jonathan Smoke asserted that the automotive industry is at an “interesting crossroads” in the first quarter of 2025….