Goldman Sachs Cuts Auto Sales Forecast, Downgrades Ford’s Stock
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Apr 10 2025Goldman Sachs Forecast Revision: Goldman Sachs has lowered its 2025 automobile sales forecast by nearly one million units due to increased costs from tariffs, predicting a rise in new vehicle prices by $2,000 to $4,000, which may reduce consumer demand. Consequently, Ford's stock rating was downgraded from 'buy' to 'neutral'.
Automakers' Strategic Responses: Automakers are adapting to the tariff impacts, with Ford offering discounts to boost sales and BMW considering increased production shifts. Meanwhile, Polestar is targeting dissatisfied Tesla owners with attractive offers, while South Africa is looking into incentives for its automotive sector.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
