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 more durable to disregard as client demand tilts again towards bigger, gas-powered autos, whilst electrical autos battle 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.’
Current gross sales knowledge underscores that pivot. Midsize SUVs and vans are seeing notable features, whereas smaller vehicles and electrical autos are dropping floor, highlighting a widening hole between trade ambitions and what shoppers are literally shopping for.
In accordance with Cox Automotive and Kelley Blue Guide, 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 grow to be more and more uneven. Electrical autos 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 features.
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Nissan Americas Chairman Christian Meunier pointed to a different stress 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 Pictures)
“It is some huge cash, nevertheless it’s lots 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 will 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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