FOX Business: Sticker shock: Why US cars are frozen out of the European market

 By SIMON CONSTABLE

Most people around the world either need or want to buy a car. But when it comes to choosing the model, American vehicles get short shrift. In other words, people outside the U.S. seem to shun buying U.S. vehicles. Instead, they’d rather buy their homegrown version.

Consider these car sales figures. In 2024, the U.S. imported 757,564 new vehicles made in the European Union, whereas the EU imported only 169,152 from America, according to the European Automobile Manufacturers’ Association. Put in money terms, that’s EU sales to the U.S. of 38.5 billion euros ($43.9 billion) versus €7.8 billion (approximately $8.9 billion) sold to Europe. Read more here.

Jason Lawrence, CC BY 2.0, via Wikimedia Commons