The Globe and Mail reports in its Thursday, Oct. 2, edition that U.S. auto sales are anticipated to increase around 6 per cent in the third quarter as Americans continue purchasing cars despite tariffs and uncertainties. A Reuters dispatch to The Globe reports that major automakers reported healthy sales gains for the July-to-September period.
General Motors and Ford Motor each said vehicle sales rose 8 per cent, and Toyota Motor's North American unit reported a 14-per-cent increase. Market research firm Cox Automotive expects U.S. new vehicle sales to be about 4.14 million units for July-September, compared with 3.9 million in the same period last year. President Donald Trump's One Big Beautiful Bill ended the $7,500 tax credits for new EV purchases on Tuesday, leading to a temporary surge in sales during the quarter. Mr. Trump's tariffs have led to higher prices on parts, but automakers have not significantly raised vehicle prices, and demand for new cars remains steady. GM's Duncan Aldred noted that consumers are less worried about tariffs and price hikes than before. "Stability and the absence of massive price increases are driving the market,"
said Mr. Aldred.
© 2025 Canjex Publishing Ltd. All rights reserved.