Auto sales fall 4.3% in July, hurt by Trump tariffs, IT job cuts, rains

Automobile retail sales in July fell 4.3 per cent from the previous year as uncertainty about US tariffs’ impact, job cuts in the IT sector, and heavy rains weighed on consumers, said a dealers’ association on Thursday. Two-wheeler sales contracted 6.5 per cent and passenger vehicle fell almost 1 per cent, according to data shared by the Federation of Automobile Dealers Associations (Fada). The group said concern that manufacturing jobs could be affected by President Donald Trump’s tariffs may have affected consumer sentiment as well. “We really don’t know how much Donald Trump tariffs are going to affect the industry

Written By: Michael Schuman