June 12th, 2026 | Japan's automakers absorb $28B tariff hit; dealerships losing service share

An Automotive News analysis finds Japan’s automakers have absorbed $28 billion in combined costs from tariffs, electric vehicle write-downs and policy reversals — with more pain ahead. Two major auto suppliers are merging. Plus, Ducker Carlisle analyst Nate Chenenko breaks down data showing dealerships have been steadily losing service business to quick lubes and independent shops since 2022.