GM reports a robust sales in the first quarter as industry clips for tariffs
SUVs at a Chevrolet car dealership in Oshawa.
Rene Johnston | Toronto Star | Getty pictures
General Motors And other car manufacturers report on a remarkable increase in the US vehicle sales in the first quarter, since the automotive industry reports on the effects of President Donald Trump's car tariffs, who are supposed to come into force this week.
On Tuesday, GM reported an increase in the new vehicle sale by 16.7% compared to the first quarter of 2024, which was led by incremental profits of the sales of new electric vehicles such as the Cadillac Escalade IQ and Cadillac OptiQ as well as remarkable profits at CROSSOVER and full size.
Detroit's car manufacturer is expected to be significantly exceeded in the first quarter of the industry in the industry, which seems to be more robust than expected. Car analysts had originally predicted that sales growth of around 1% or less in the previous year had been predicted.
Hyundai engine And Honda engineIn the meantime, quarterly profits of around 10% and 5.3% reported compared to the previous year. So far is a runaway Ford enginewho reported a decline in sales of 1.3% in the first quarter, which was largely due to the cancellation of the Ford Edge SUV last year.
The sales results are presented before the tariffs that came into force this week, including 25% taxes for imported vehicles from Thursday. The auto industry is also waiting for the announcements of potential additional “mutual” tariffs that could affect the car manufacturers on Wednesday.
JD Power predicted a robust industry turnover for March last week because consumers flocked to dealers to buy a new vehicle to avoid potential prices due to tariffs.
“The increase in sales of 13% compared to the previous year is particularly strong and is enabled by consumers to accelerate purchases to avoid potential price increases in connection with tariff in connection with tariff,” said Thomas King, President of the data and analysis department at JD Power, in a press release. “While the tariff situation remains both liquid and uncertain, the view of tariffs already affects the industry.”
Fords move to the end of The Edge's production, which was produced in Canada, was not with Trump's tariffs.
While the total turnover of Ford recorded a slight decline in the quarter, the car manufacturer registered its retail turnover, which excludes the fleet business, rose by 5% compared to the previous year. The retail turnover is due to an increase of 19% in March, said Ford.
This is a developing story. Please look for further updates.
