Latest news with #2025NewYorkInternationalAutoShow
The Star
21-04-2025
- Automotive
- The Star
Roundup: Tariffs from Trump administration overshadows U.S. car dealers, consumers
NEW YORK, Apr. 21 (Xinhua) -- Trump administration's tariffs on imported cars and parts overshadow consumers and dealers at 2025 New York International Auto Show though some consumers' rush to purchase tariff-free automobiles drove up sales in March. POOR SALES EXPECTED AFTER NEAR-TERM BUMP The United States saw strong automobile sales in March as consumers rushed to buy before tariffs would kick in but the outlook looks gloomy afterwards. "The tariffs situation clearly has a major impact as far as affordability for customers," Mark Schienberg, chairman of the Greater New York Automobile Dealers Association said. "This is a real global industry, so there's not one source where parts and products come from. They come globally from all over. So, when you talk about the tariffs on it, whether you're a U.S. domestic car manufacturer, or you're an importer, you're gonna have an impact potentially on the costs of building a car. " Once the tariff kicks in, "we see a major drop off. Unfortunately, I think that we see a real cooling of the projected sales for this year," said Laura Perrotta, president of New Jersey Coalition of Automobile Retailers. "I'm afraid that we could see a real cut in overall sales for the year," Perrotta told Xinhua on the sidelines of a recent panel discussion during the 2025 New York International Auto Show from April 16 to April 27. Perrotta said it was pretty bad that sticker prices of each vehicle would increase by 2,000 U.S. dollars to 10,000 U.S. dollars due to tariffs. S&P Global Mobility downgraded its U.S. sales estimate for cars and light trucks in 2025 by a staggering 700,000 in addition to big cuts of forecasts for 2026 and 2027, according to a report on April 14. North American production is forecast to fall 1.28 million units to the range of 13.9 million to 14.2 million in 2025, according to S&P Global Mobility. "The impact of Trump's auto tariffs, in combination with the 10 percent universal tariff, has led to one of the largest single-month changes we've ever made to the forecast," wrote Stephanie Brinley, principal automotive analyst with S&P Global Mobility. Though sales in March and April would be strong, vehicles are gonna be more expensive by June depending on the brands and the product, the supply chain "tax", according to Perrotta. "Unfortunately, the consumer is gonna end up having to eat some of the costs because I don't think the manufacturers can absorb all of it," said Perrotta. "I get material from California. I'm pretty sure they probably get it from China," Julio Palacios, a local auto parts dealer, told Xinhua. Palacios said the price might have to increase in the future as the tariff war intensifies. "I hope not, but I do believe so," he said. "We do see the impact of the tariff... A lot of people came in and bought. We haven't raised the price yet, but everything could become more expensive due to tariffs," said a Chevrolet product specialist who only gave his first name as Chris. "We have many suppliers and partners from China, so this is certainly not what we would like to see," Chris said at the auto show. Overall sales of luxury brand Porsche are still relatively stable by now, according to Dillon Newell, a product specialist from Porsche. Newell added, "But we don't rule out the possibility of price increases in the future because of parts price increases." CONSUMERS PAY THE PRICE U.S. consumers are expected to pay higher sticker prices of cars due to recently announced tariffs and they also could shun the new car market by buying pre-owned cars or taking a wait-and-see approach. "The whole tariff situation has been unnecessary and ridiculous. It's poorly thought out," said Manuel Cintron, a resident from Philadelphia, who bought a Lexus IS 500 sedan made in Japan before the Trump administration announced major tariffs on April 2. However, Cintron didn't get his favorite color of the car because he can't afford to wait for another three to four months. If it's a two or three percent tariff, he would stomach it, said Cintron. But 25 percent is very "significant", he said. Affordability is a big issue in the U.S. automobile market, according to Russell Brodin, transportation engineer from Connecticut, who visited the New York auto show on Saturday. "You could get some of the base models. Toyotas and Nissans were relatively affordable around 30, 000 USD or so. But if you want to get anything kind of decent, you're looking at 40,000 USD to 50,000 USD. I'm still paying off student debt and I have a long (time) from affording a house," Brodin told Xinhua. Brodin said he was not looking to buy a new car any time soon though has toured the annual auto show in the last five years. "I see prices probably either coming down or no one's gonna be able to afford these new cars. Everyone's gonna go back to buying old cars," said Brodin, who bought an old car on Facebook marketplace for around 5,000 to 6,000 U.S. dollars a few years ago. Brodin said tariffs would affect some of vehicle prices and the new car market was going to be tough for the next couple of years amid tariffs, consumers' indebtedness and tepid economy. "I would give it like three or four years before sales actually come back to full because of that. For my generation, we're drowning in debt. We can't buy a house. There's no way that we can go and buy a car for 50,000 U.S. dollars," said Brodin who is at the age of 28. "It's gonna be like another five to six years before I can afford a 50,000-U.S.-dallar car. And by then, they are probably worth 60,000 to 70, 000 (U.S. dollars)," Brodin added. The U.S. economy is kind of going down and tariffs won't help, added Brandon Wilson, a resident from Connecticut, who visited the auto show for the first time. Vehicles are "outrageously priced" and the impacts of tariffs have not been reflected yet, said Wilson, who just bought a car not long ago. "It's a little scary because the prices of cars are going to go up dramatically. I don't know by what percentage, depending on where the car was manufactured," said a visitor to the auto show from New York who gave his first name as Preston. "I'm not quite sure how much of the tariffs will affect every maker and model and manufacturer. We pretty much have to wait and see," said Preston, who intends to buy a Kia car.
USA Today
18-04-2025
- Automotive
- USA Today
2025 New York International Auto Show: Why these three cars could steal the show
2025 New York International Auto Show: Why these three cars could steal the show The 2025 New York International Auto Show is on the horizon. These brands and nameplates are expected to make the biggest splash. Show Caption Hide Caption Families look at the industry's newest vehicles at the 2025 Rochester Auto Show Celebrating almost 40 years, the Rochester Auto Show was recently hosted at the Floreano Convention Center in Downtown Rochester The 2025 New York International Auto Show begins on April 18, 2025. Major automakers will compete to win awards and host the best auto exhibitions. Some of the most important cars this year include two South Korean EVs and a German luxury SUV. Spring is in full swing and the 2025 New York International Auto Show is nearly upon us. This automotive exhibition is an opportunity for companies to show off their most impressive future offerings. Many automakers will use the Jacob Javits Convention Center as a stage to debut refreshed, redesigned, and brand new nameplates to the world. The auto show garners the attention of millions of auto enthusiasts worldwide and thousands of fans travel across the globe to witness the industry's coolest innovations. The 2025 New York International Auto Show has a special significance for consumers because distinguished jurors will award a special vehicle with the World Car of the Year title. Several other World Car winners will be announced in different categories, giving consumers insights into which nameplates are especially impressive. So, what are the most important nameplates to watch during and after the 2025 New York International Auto Show? Models from Hyundai Motor Co. could steal the show. One Mercedes-Benz small SUV is also getting plenty of attention. The Hyundai Inster: A world Car Award winner? If you're a fan of the electric vehicle space, you know that South Korean Hyundai Motor Co. has worked hard in the past half-decade to establish itself as one of the most important EV manufacturers. Nameplates like the Hyundai Ioniq 5 and previous World Car of the Year winner, the Kia EV9, have pushed the envelope in more ways than one. Now, a Hyundai Motor Co. model in a completely different segment has the potential to go for the gold this year. The Hyundai Inster (AKA Casper Electric), is based on the Korean gas-powered Casper subcompact SUV. It's a tiny SUV that's only 150.6 inches long. Comparatively, the Chevrolet Trax American subcompact SUV is 178.6 inches long. So, the Inster is even tiny by subcompact SUV standards. It starts at around $21,000 in its home country of South Korea and goes for close to 23,495 euros ($26,719) in parts of Europe. Hyundai's tiny electric SUV is only available in Asia and Europe (thus far). It may not be a huge nameplate for America, but the Hyundai Inster/Casper Electric is one of the few nameplates nominated for multiple World Car awards, emphasis on "world." It's also in the running for World Electric Vehicle and World Urban Car. These nominations are often indicative of current sales numbers, popularity, and future potential. You may have no desire to buy, lease, or drive the Hyundai Inster, but it's good to know what's trending in the automotive world across oceans. The Kia EV3: A South Korean disruptor Hyundai Motor Co.'s Kia brand is producing a subcompact SUV that could be just as impactful as the Hyundai Inster for the American market. The Inster just isn't practical for most U.S. drivers because of its small stature, but the Kia EV3 is a slightly larger model (about 169 inches) that incorporates design elements from its South Korean cousin as well as the popular Kia EV6 small electric SUV. The Kia EV6, a close relative to the Hyundai Ioniq 5, is a sporty electric crossover that's affordable, quick, and stylish. Kia's EV3 model is slated for 2026, releasing in the subcompact electric SUV segment. It's a clear attempt to capture some of the Inster's magic and bring it to North America in a larger package. The EV3 is also one of the few vehicles nominated for multiple World Car awards, including Car of the Year, World Electric Car, and World Car Design of the Year. Since the bold EV9 was so captivating at last year's Auto Show, the EV3 is certainly a model worth watching. The BMW X3 is a consistent competitor in its segment If you aren't a fan of EVs, there are still plenty of models worth paying attention to at the 2025 New York International Auto Show. While electric vehicles may be all the buzz at recent shows, there will be multiple exciting nameplates on display that appeal to the average gearhead who wants nothing to do with an EV. Another World Car of the Year Award nominee and vehicle to watch is a model from BMW. The BMW X3 is a small luxury SUV known for its power, lavish interior, and many standard features. The fully redesigned fourth-generation compact luxury SUV is the German automaker's best-selling vehicle in the U.S market. It boasts a powerful turbocharged four-cylinder engine and rockets from 0-60 miles per hour in about 6.0 seconds. The X3 offers modern design perks and tech without deviating too far from BMW's winning formula for its American portfolio. Whether you're a fan of electric vehicles or refuse to ever drive one, there's something for you at the 2025 New York International Auto Show. It's an awesome place for automakers, automotive professionals, brands, and consumers to come together and nerd out about the vehicles that power an industry and get us where we need to go. Charles Singh reports for The Tennessean.
Yahoo
16-04-2025
- Automotive
- Yahoo
New York Auto Show kicks off with media day preview
Automakers offered a first look at the future of driving during media day at the 2025 New York International Auto Show on Wednesday. The full show is open to the public from Friday to April 27 at the Jacob K. Javits Convention Center, and features cutting-edge vehicles and innovations.
Yahoo
16-04-2025
- Automotive
- Yahoo
2025 New York International Auto Show: Why these three cars could steal the show
Spring is in full swing and the 2025 New York International Auto Show is nearly upon us. This automotive exhibition is an opportunity for companies to show off their most impressive future offerings. Many automakers will use the Jacob Javits Convention Center as a stage to debut refreshed, redesigned, and brand new nameplates to the world. The auto show garners the attention of millions of auto enthusiasts worldwide and thousands of fans travel across the globe to witness the industry's coolest innovations. The 2025 New York International Auto Show has a special significance for consumers because distinguished jurors will award a special vehicle with the World Car of the Year title. Several other World Car winners will be announced in different categories, giving consumers insights into which nameplates are especially impressive. So, what are the most important nameplates to watch during and after the 2025 New York International Auto Show? Models from Hyundai Motor Co. could steal the show. One Mercedes-Benz small SUV is also getting plenty of attention. If you're a fan of the electric vehicle space, you know that South Korean Hyundai Motor Co. has worked hard in the past half-decade to establish itself as one of the most important EV manufacturers. Nameplates like the Hyundai Ioniq 5 and previous World Car of the Year winner, the Kia EV9, have pushed the envelope in more ways than one. Now, a Hyundai Motor Co. model in a completely different segment has the potential to go for the gold this year. The Hyundai Inster (AKA Casper Electric), is based on the Korean gas-powered Casper subcompact SUV. It's a tiny SUV that's only 150.6 inches long. Comparatively, the Chevrolet Trax American subcompact SUV is 178.6 inches long. So, the Inster is even tiny by subcompact SUV standards. It starts at around $21,000 in its home country of South Korea and goes for close to 23,495 euros ($26,719) in parts of Europe. Hyundai's tiny electric SUV is only available in Asia and Europe (thus far). It may not be a huge nameplate for America, but the Hyundai Inster/Casper Electric is one of the few nameplates nominated for multiple World Car awards, emphasis on "world." It's also in the running for World Electric Vehicle and World Urban Car. These nominations are often indicative of current sales numbers, popularity, and future potential. You may have no desire to buy, lease, or drive the Hyundai Inster, but it's good to know what's trending in the automotive world across oceans. Hyundai Motor Co.'s Kia brand is producing a subcompact SUV that could be just as impactful as the Hyundai Inster for the American market. The Inster just isn't practical for most U.S. drivers because of its small stature, but the Kia EV3 is a slightly larger model (about 169 inches) that incorporates design elements from its South Korean cousin as well as the popular Kia EV6 small electric SUV. The Kia EV6, a close relative to the Hyundai Ioniq 5, is a sporty electric crossover that's affordable, quick, and stylish. Kia's EV3 model is slated for 2026, releasing in the subcompact electric SUV segment. It's a clear attempt to capture some of the Inster's magic and bring it to North America in a larger package. The EV3 is also one of the few vehicles nominated for multiple World Car awards, including Car of the Year, World Electric Car, and World Car Design of the Year. Since the bold EV9 was so captivating at last year's Auto Show, the EV3 is certainly a model worth watching. If you aren't a fan of EVs, there are still plenty of models worth paying attention to at the 2025 New York International Auto Show. While electric vehicles may be all the buzz at recent shows, there will be multiple exciting nameplates on display that appeal to the average gearhead who wants nothing to do with an EV. Another World Car of the Year Award nominee and vehicle to watch is a model from BMW. The BMW X3 is a small luxury SUV known for its power, lavish interior, and many standard features. The fully redesigned fourth-generation compact luxury SUV is the German automaker's best-selling vehicle in the U.S market. It boasts a powerful turbocharged four-cylinder engine and rockets from 0-60 miles per hour in about 6.0 seconds. The X3 offers modern design perks and tech without deviating too far from BMW's winning formula for its American portfolio. Whether you're a fan of electric vehicles or refuse to ever drive one, there's something for you at the 2025 New York International Auto Show. It's an awesome place for automakers, automotive professionals, brands, and consumers to come together and nerd out about the vehicles that power an industry and get us where we need to go. Charles Singh reports for The Tennessean. This article originally appeared on USA TODAY: 2025 New York International Auto Show: These are the cars to watch
