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Car sales in South Korea rise, but tariffs cloud U.S. market, impacting Detroit automakers.
Domestic car sales in South Korea rose 3% in March 2025, reaching 123,817 units, driven by new models from Hyundai and Kia.
Meanwhile, imported vehicle sales remained flat.
In the U.S., tariffs on auto imports are expected to cost Detroit-3 automakers $42 billion, with an overall impact of over $100 billion.
Tariffs and rising prices are making it a less favorable time to buy a car.
BMW reported a 32.4% increase in EV sales for Q1 2025, while Volkswagen's operating profit dropped due to carbon emissions penalties and tariffs.
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Las ventas de automóviles en Corea del Sur aumentan, pero las tarifas nublan el mercado estadounidense, afectando a los fabricantes de automóviles de Detroit.