High interest rates, economic uncertainty and a cyberattack appear to have dampened sales in the three months between April and June.
Automakers and dealers are starting to offer discounts, low-interest loans and other incentives to lure buyers as the supply of cars grows.
The president’s move to protect strategic manufacturing sectors from low-cost competition aims to increase jobs, but consumers might not like the costs.
The president’s move to protect strategic manufacturing sectors from low-cost competition aims to increase jobs, but consumers might not like the costs.
Purchases of popular models like the Tesla Model 3 and the Ford Mustang Mach-E may no longer entitle buyers to tax savings because the cars do not meet tougher sourcing requirements.
Other governments, particularly in Europe, are trying to counter the Biden administration’s industrial policies with their own incentives.
The prices of used battery-powered models have fallen sharply, as the supply of cars and trucks has improved.
The union targeted one factory run by General Motors, one by Ford and one by Stellantis. Prolonged walkouts could hurt the U.S. economy and President Biden.
Competition, government incentives and falling raw material prices are making battery-powered cars more affordable sooner than expected.
Automakers have been hampered by the supply of semiconductors and higher interest rates.