Market Update | June 25, 2025
May light vehicle assemblies came in at a 10.92 million unit rate, up 7.5% from April. This marks the highest monthly rate since March 2024. The recent easing of auto tariffs between the U.S. and Canada, combined with the continued 25% tariff on other foreign auto imports, helped push domestic auto assemblies higher. Additionally, the recent drawdown in dealer inventories continues to help spur assemblies domestically.