1343 ET - U.S. auto sales in March could top 1.45 million units, as consumers and automakers try to get ahead of tariffs, S&P Global Mobility projects. Chris Hopson, principal analyst at S&P Global Mobility, says "automakers, by way of incentives, and savvy consumers are likely attempting to get ahead of future uncertainty surrounding auto pricing levels by taking advantage of March deals." Hopson adds there are numerous downside risks to the auto demand and production environment given the potential for higher auto prices as a result of expected tariffs. The S&P Global Mobility US auto outlook for 2025 sees sustained, but more moderate growth levels for light vehicle sales, although consumer pressures and potential auto tariffs create notable downside risks to volume estimates at this time, the group says. (stephen.nakrosis@wsj.com)
(END) Dow Jones Newswires
March 28, 2025 13:43 ET (17:43 GMT)
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