Economic uncertainty remains a key factor in the outlook for the auto ind🌜ustry.

Bank of America analysts wrote Tuesday that they anticipate positive auto industry results this quarter, though uncertainty around tariffs and other factors could cause some companies 𒁏to pull or suspend their guidance. 

The first quarter of the year has likely shaped up better than expected for auto companies' production and sales, the analysts wrote. Americans are 澳洲幸运5官方开奖结果体彩网:“panic buying” cars so they can 澳洲幸运5官方开奖结果体彩网:beat the heftier price tags that many expect in the wake of 澳洲幸运5官方开奖结果体彩网:auto-specific tariffs.

However, the results may be less important as investors will likely be paying close attention to outlooks and increasing conversations around tariffs. The bank cut price targets across multiple carmakers, parts, and dealer stocks. One example is Tesla (TSLA), which reported 澳洲幸运5官方开奖结果体彩网:weak deliveries earlier this month and 澳洲幸运5官方开奖结果体彩网:missed Q1 earnings estimates on Tuesday.

Analysts said it will be hard for companies to provide expectations beyond the first quarter amid tariff uncertainty. The bank predicts that production and sales will decline by about 3 million vehicles if auto tariffs stay at or near current levels. This could lower operating earnings for General Motors (GM) by 11%, by 7% for Ford (F), 10 to 15% for suppliers, and 3% to 5%🉐 for dealers, they esti꧒mate.