FOX Enterprise correspondent Jeff Flock joins ‘Varney & Co.’ to interrupt down the surge in SUV and truck gross sales, the slowdown in electrical automobile demand and the way billions in tariffs are reshaping the auto business.
A shift within the auto market is turning into tougher to disregard as shopper demand tilts again towards bigger, gas-powered automobiles, at the same time as electrical automobiles wrestle to take care of momentum.
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FOX Enterprise correspondent Jeff Flock joined FOX Enterprise’ Stuart Varney on “Varney & Co.” to report from the New York Auto Present, the place automakers are leaning into SUVs and vans amid altering purchaser preferences.
Nissan Americas Chairman Christian Meunier discusses the debut of the 2027 Z Nismo on the New York Auto Present, highlighting efficiency upgrades and the model’s next-generation sports activities automobile imaginative and prescient on ‘Mornings with Maria.’
Latest gross sales knowledge underscores that pivot. Midsize SUVs and vans are seeing notable positive aspects, whereas smaller vehicles and electrical automobiles are dropping floor, highlighting a widening hole between business ambitions and what customers are literally shopping for.
In line with Cox Automotive and Kelley Blue E-book, midsize SUV gross sales are up 15%, midsize truck gross sales are up 14%, whereas compact automobile gross sales are down 8% and EVs are down 26% in February in comparison with the identical time final yr. EV momentum has change into more and more uneven. Electrical automobiles reached 10.5% of U.S. new-vehicle gross sales within the third quarter of 2025 however fell to five.8% within the fourth quarter as incentives pale, highlighting a pointy pullback after earlier positive aspects.
HONDA CANCELS 3 PLANNED EV MODELS FOR US
Nissan Americas Chairman Christian Meunier pointed to a different strain shaping the market: tariffs. Automakers and suppliers have absorbed billions of {dollars} in added prices, limiting their skill to cross these bills on to consumers.
A automobile body strikes down the meeting line on the Nissan Motor Co. manufacturing facility in Tennessee. (Luke Sharrett/Bloomberg / Getty Pictures)
“It is some huge cash, nevertheless it’s lots lower than the publicity we had a yr in the past when it was applied,” Meunier stated.
AMERICANS ARE PUMPING THE BRAKES ON ELECTRIC VEHICLE ADOPTION: ‘AFFORDABILITY IS A BIG ISSUE’
He added that the corporate has labored to cut back that burden whereas rising home manufacturing.
Inside Secretary Doug Burgum commends President Donald Trump’s financial agenda on ‘The Night Edit.’
“On the very starting, we had an publicity of $4 billion. We took it right down to $1.5 billion in 25, and we’ll get it right down to zero. That is our mission to construct as many vehicles within the U.S. as we will,” Meunier stated.
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