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0.000831371763409667 0.00417689187158819 0.00217358641758909 -0.00177292532678918 -0.0112084940151249 -0.0182000300495818 -0.0360094155356338 -0.033405118445435
Stock impact report

Goldman cuts US auto sales estimate by nearly 1 million units due to tariffs [Yahoo! Finance]

Goldman Sachs Group, Inc. (The) (GS) 
Last goldman sachs group, inc. (the) earnings: 4/15 07:30 am Check Earnings Report
US:NYSE Investor Relations: goldmansachs.com/investor-relations
Company Research Source: Yahoo! Finance
While Trump on Wednesday halted reciprocal tariffs on countries, barring China, for 90 days, the announcement did not appear to affect duties on autos, steel and aluminum, leading to concerns around increased costs for the sector. "We believe the tariffs as proposed will raise the cost of both importing and manufacturing vehicles in the U.S. by at least a low to mid single digit thousand dollar level on average," said Goldman Sachs analysts led by Mark Delaney. However, it will be hard for the auto industry to completely pass on this additional cost to customers, especially with softening demand, the brokerage added. The Wall Street giant estimates net prices of new vehicles in the U.S. will rise by roughly $2,000 to $4,000 over the next 6-12 months as automakers account for tariff-related costs. Goldman Sachs now expects U.S. auto sales of 15.40 million units in 2025, compared with its previous estimates of 16.25 million units. It lowered estimates for 2026 sales by 1.1 mill Show less Read more
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