NEW YORK — Global automobile production is on track to decline 2% on the year to 87.9 million vehicles in 2025 as a result of the Trump administration’s tariffs, a new forecast for the industry shows.
S&P Global Mobility estimates that output will shrink 1.55 million vehicles compared with 2024. The drop exceeds the roughly 1.4 million units that Japanese automakers export to the U.S. each year.
