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US first-quarter auto sales get a lift from looming Trump tariffs

  • March auto sales increased by 13% compared to the previous year, as buyers rushed to avoid new tariffs from President Donald Trump.
  • President Donald Trump announced a 25% tariff on imported vehicles starting on April 3, which could raise car prices significantly.
  • GM reported a 17% rise in first-quarter sales, totaling 693,000 vehicles, while Ford's first-quarter sales fell 1% to about 500,000 vehicles.
  • Automakers, including GM and Ford, are lobbying for tariff exemptions on certain parts to avoid escalating production costs, which could lead to layoffs and reduced demand.
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wardsauto.com broke the news in on Monday, March 31, 2025.
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