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

  • In the first quarter, Ford reported a 5% overall sales increase, driven by a 19% rise in March, despite overall sales dropping 1% due to model discontinuation.
  • General Motors reported new vehicle sales jumped nearly 17% compared to last year, attributed to consumers rushing to buy cars before the impending tariffs.
  • President Trump announced a 25% tariff on imported vehicles, set to take effect on April 3, raising concerns over increased vehicle prices.
  • Analysts warn that the tariffs could drive up car prices significantly, affecting all automakers and potentially reducing consumer demand for new vehicles.
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wardsauto.com broke the news in on Monday, March 31, 2025.
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