Subaru Joins Toyota in Expecting ‘Big Impact’ From U.S. Auto Tax
- U.S. unit sales dropped 14 percent in the April-June quarter
- Subaru is most reliant on U.S. market among Japan carmakers
The Subaru Corp. Ascent sports utility vehicle (SUV) is displayed during a reveal event in Los Angeles.
Photographer: Patrick T. Fallon/BloombergThis article is for subscribers only.
Subaru Corp. reported a sales slide in the U.S., its largest market, and predicted a “big impact” from President Donald Trump’s proposed tariffs on imported vehicles following the escalation of a global trade war.
Unit sales in the U.S. dropped about 14 percent to 149,800 vehicles in the three months through June 30, the company said in a presentation Monday. For the year that ended in March, only half of the 670,900 vehicles it sold in the U.S. were produced locally, meaning that the remaining units, imported from Japan, would be subject to any additional import taxes put in place by the Trump administration.