US auto sales surged last month as consumers frontloaded major purchases in an attempt to get ahead of President Donald Trump’s aggressive new trade levies.
Retail sales jumped 1.4 per cent in March, the Census Bureau reported on Wednesday. The main driver of growth was a 5.7 per cent jump in seasonally adjusted auto sales, the biggest increase since January 2023.
The report showed that “savvy consumers” were bringing forward their big-ticket purchases in order to avoid tariff-driven price rises, said James Knightley, chief international economist at ING.
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