SUVs at a Chevrolet car dealership in Oshawa.
Rene Johnston | Toronto Star | Getty pictures
General Motors And other car manufacturers reported remarkable increases in the US vehicle sales in the first quarter, since the automotive industry reports on the effects of President Donald Trump's auto tariffs, which is to come into force this week.
On Tuesday, GM reported an increase in the new vehicle by 16.7% compared to the first quarter of 2024, led by incremental profits of the sales of new electrical vehicles such as the Cadillac Escalade IQ and Cadillac OptiQ as well as remarkable increases in the SUV to entry level.
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.
South Korean car manufacturers Hyundai engine And Kia Motors also reported on double -digit sales gains of around 10% and 11% compared to the first quarter of 2024. Nissan Motor reported an increase of 5.7% in the first quarter, followed by a jump of 5.3% for 5.3% Honda engine and around 1% quarterly compared to the previous year for the previous year for the previous year Toyota engine.
An outlier is 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.
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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.”
Randy Parker, CEO of Hyundai Motor North America, said that the brands of the South Korean car manufacturer Hyundai and Genesis recorded a significant increase in dealer traffic and sales at the end of the month
“The last week and including last weekend, it was by far the best weekend that I have seen in a long time,” he said on Tuesday during a media call. “I've been doing this for a very, very long time. Many people, I think, was this weekend, especially to try the tariffs.”
It was a similar experience with other car manufacturers such as Ford. During the total turnover of the Detroit car manufacturer, the car manufacturer recorded a slight decline in the quarter, the car manufacturer reported its retail turnover, which excludes the fleet business, rose by 5% in the previous year. The retail turnover is due to an increase of 19% in March, said Ford.
Fords move to the end of The Edge's production, which was produced in Canada, was not with Trump's tariffs.
The 25% tariffs that are to come into force on Thursday are expected to include all vehicles that are not made in the United States in the United States. The white house is called last week
There are important concerns about tariffs when it comes to the income of companies and the potential of higher prices for new vehicles that are already around 48,000 US dollars, according to Cox Automotive.
Hyundais Parker said that the company had not yet decided whether it would increase vehicle prices due to tariffs, but he has pointed out that he was now a great time to buy a vehicle from potential changes.
“We continue to evaluate all scenarios,” said Parker. “But what I would tell our customers is that tomorrow, like all things in life, will never be guaranteed. And if you are interested in buying a car, it is now a good time to buy a car, because from today we have not increased prices.”
Like most large car manufacturers, Hyundai produces vehicles in the USA, but also imports a considerable amount of outside the country. Hyundai, including its sibling Kia automobile manufacturer, is currently increasing vehicle production in a new building group with several billion dollars in Georgia.
The car manufacturer said that on Tuesday in his production facility in Alabama, around 40% of his Hyundai and Genesis vehicles sold in the USA were built. This number, according to the company, will be increased this year with the meta -planned in Savannah, Georgia.
S&P Global Mobility expects the turnover of US Light vehicles to migrate to 14.5 million and 15 million units a year if the tariffs remain in force. This is compared to around 16 million vehicles sold in 2024.
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