The White House announced a tax break for car buyers struggling to afford new vehicles. U.S. automakers like GM, Toyota, Ford, Hyundai, and Honda saw increases in vehicle sales and market share in 2026. The tax break offers a $10,000 deduction per year in auto loan interest for cars purchased during Trump’s second term. Only U.S.-assembled vehicles are eligible for the tax credit. Japanese automakers like Toyota, Honda, and Nissan have large manufacturing footprints in the U.S. Stellantis ranks sixth in market share despite its home-court advantage. The tax credit applies to cars, SUVs, vans, pickup trucks, and motorcycles under 14,000 pounds purchased for personal use.

Read more at Yahoo Finance: These autos quality for Secretary Bessent’s $10,000 auto loan relief program