Caution remains necessary, as tariffs continue to pose a threat
Global car sales rose by 8% year-on-year in March, with significant contributions from the United Kingdom, Japan, and the United States. This rebound follows several months of weakness and reflects the usual seasonal strengthening in March.
While the return to growth is promising, it remains to be seen whether this signals a lasting trend. March is typically a strong sales month, so sustained improvement in the coming months will be essential.
Short-term solutions in the United States remain possible
At the same time, the EU and China are negotiating an agreement to replace tariffs with a minimum price amid rising trade tensions. However, current U.S. tariffs on foreign cars could threaten global car exports and maritime volumes in the future.
That said, some flexibility might be on the horizon — President Trump recently suggested a possible suspension or exemptions on certain automotive tariffs to allow manufacturers to adjust. This could ease the pressure on vehicle trade and automotive carrier volumes in the short term.
Source: Fearnleys Securities and Shippingwatch