Read, Watch or Listen

US auto sales surged 5.7% in March, the highest increase since January 2023, driven by consumers preemptively purchasing vehicles before President Trump's new tariffs on imported cars take full effect. The overall retail sales jumped 1.4%. Economists warn this could lead to a significant drop in sales later in the year as tariffs increase car prices and consumer confidence weakens due to rising inflation and unemployment concerns.

Prepared by Christopher Adams and reviewed by editorial team.