Stellantis N.V. predicts a $2.7 billion earnings loss in the first half of the year, primarily due to tariffs that may raise EU import prices by 30%. In North America, Stellantis experienced a 25% sales decline year over year. A proposed 25% tariff on imported cars and parts could increase new car prices by $7,500, negatively impacting sales for Ford and General Motors. With car owners tending to keep their vehicles longer, rising prices could drastically affect new car sales, further weakening the market.
Stellantis N.V. expects a $2.7 billion earnings loss in the first half of this year primarily due to tariffs affecting the price of EU imports by up to 30%.
A 25% tariff on cars and parts imported by American manufacturers could raise new car prices by as much as $7,500, significantly impacting sales volumes.
U.S. car companies are built for annual sales of 15.9 million, with GM holding a 17% market share and Ford 13%, making their revenue reliant on U.S. performance.
A spike in car prices due to proposed tariffs could lead to a terrible shock in the U.S. car business, impacting buyer decisions and sales.
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