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The US auto industry is struggling due to tariffs imposed by President Donald Trump, with second-quarter sales expected to rise only 1.7-2% over the same time last year. Toyota, however, is performing well, with its third straight monthly record sales in May thanks to strong demand for hybrids in the US, Japan, and China.
The US auto industry is facing challenges due to tariffs. Second-quarter sales are expected to rise 1.7-2% over last year. Most gains came early in the quarter as customers rushed to buy cars before tariff-related price hikes. June sales are expected to be the worst of the quarter, with a possible 6% decline. Toyota is performing well, with record sales in May. The company's global sales reached 955,532 vehicles in May, an 8% jump from last year.
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