A new report casts serious doubt on whether a wave of Chinese cars and SUVs will hit the U.S. by 2030, let alone well into the next decade.
“I think the near-term dynamics are relatively low, relatively unlikely to support an entry to the U.S. market,” said automotive analyst John Murphy, who is releasing his latest outlook for the U.S. auto market on Tuesday.
Generated by Murphy Automotive Partners
Despite growing speculation that it won’t be long until Chinese autos are sold in the U.S., Murphy said he believes there is little appetite among U.S. lawmakers to allow that to happen, mainly because of the impact it could have on U.S. automakers and domestic auto production.
“I think an entree of the Chinese with unfettered access in the U.S. market would be incredibly disruptive, even if they produced here in the U.S.,” he told CNBC.