What Happened
Regulatory Shifts Challenge International Automotive Trade
The global auto industry is facing challenges due to new trade rules, which are affecting the supply chain and production. The US war with Iran has disrupted imports of Group III base oil, needed to make synthetic motor oil, leading to rationing by Nissan and Toyota. The industry is also seeing regulatory shifts, with dealerships required to master varying laws and regulations for out-of-state car deals. According to Automotive News, the new trade rules are having a significant impact on the industry. This article was first reported by Automotive News.