Auto Service and Repair

Automotive diagnostic data firm CarMD has released its annual report on repair costs in the U.S., and the news is mostly good — with some precautions, including higher labor costs and the potential impact of auto parts tariffs. Compiled every year since 2011, CarMD's Vehicle Health Index aggregates information on repair costs from around the country. The 2025 report is based on more than 31 million failures on vehicles that needed repairs in 2024.

Retail Market

As the news of a 10% minimum tariff on all foreign trade partners has swept over the nation and sent markets reeling, business leaders have been left with looming uncertainty about the impact these changes will have. While much is still unclear - and changing day by day - there is little doubt that industries spanning retail, CPG, tech and automotive are all bracing for impact.

Auto-New Domestic

As the Trump administration's 25 percent tariffs on the automotive sector cause car prices to rise, many would-be customers will likely rethink their decision to replace their aging car. According to a new report from Reuters, between the United States and Canada, the resulting penny-pinching could lead to 1.8 million fewer annual car sales this year.