German carmakers Volkswagen and BMW have reported have reported a huge boom ahead of the new wave of tariffs.
Cliff notes – German carmakers say surge in US sales
- Volkswagen and BMW have reported booming sales in the United States
- It comes just ahead of Trump’s expected fresh round of tariffs on EU goods
- Volkswagen said its first-quarter sales rose 7.1% to 87,915 vehicles, driven by strong performances from the Taos, Jetta and ID.4 models
- Volkswagen subsidiary Audi reported March sales were up 8%
- The results suggest that long-threatened tariffs on imports from the EU may have led to preemptive purchases by US consumers
- The US currently imposes a 2.5% tariff on passenger cars from the EU
