FOX Enterprise correspondent Jeff Flock joins ‘Varney & Co.’ to interrupt down the surge in SUV and truck gross sales, the slowdown in electrical car demand and the way billions in tariffs are reshaping the auto trade.
A shift within the auto market is changing into tougher to disregard as client demand tilts again towards bigger, gas-powered automobiles, at the same time as electrical automobiles battle to keep up 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 automotive imaginative and prescient on ‘Mornings with Maria.’
Current gross sales knowledge underscores that pivot. Midsize SUVs and vans are seeing notable positive factors, whereas smaller vehicles and electrical automobiles are dropping floor, highlighting a widening hole between trade ambitions and what customers are literally shopping for.
In keeping with Cox Automotive and Kelley Blue E-book, midsize SUV gross sales are up 15%, midsize truck gross sales are up 14%, whereas compact automotive gross sales are down 8% and EVs are down 26% in February in comparison with the identical time final yr. EV momentum has develop 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 light, highlighting a pointy pullback after earlier positive factors.
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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 capability to move these bills on to patrons.
A car body strikes down the meeting line on the Nissan Motor Co. manufacturing facility in Tennessee. (Luke Sharrett/Bloomberg / Getty Photos)
“It is some huge cash, nevertheless it’s quite a bit lower than the publicity we had a yr in the past when it was carried out,” Meunier stated.
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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 all the way down to $1.5 billion in 25, and we’ll get it all the way down to zero. That is our mission to construct as many vehicles within the U.S. as we are able to,” Meunier stated.
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