According to industry experts, the U.S. Car market, which is also important for german manufacturers, will weaken in 2019.
After last year’s better-than-expected new car sales of around 17.2 million, about 16.8 million units were expected to be sold in 2019, according to a forecast by U.S. Market researcher and trade services provider cox automotive presented ahead of the start of the year’s first rough auto show in detroit. For 2020, it could go down even further with new car sales of around 16.5 million.
Cox chief economist jonathan smoke blamed the slowing economy, among other factors, but also warned of the impact of additional tariffs on car prices: tariffs of 25 percent could have a more massive impact on car sales than even a recession. U.S. President donald trump has repeatedly threatened to impose high special tariffs on imported cars because he believes his country is being treated unfairly by its trading partners. This has had a strong impact on the industry. In december, a delegation of german auto executives visited trump to dissuade him from his tariff plans.