Ford, GM reports that big sales are increasing while Trump’s prices threaten to bite

GM and Ford reported a sharp increase in the number of cars sold before the 25% prices of the Trump administration on imported vehicles.

GM said new vehicle sales jumped almost 17% compared to the first quarter of last year, while Ford declared a 19% increase in retail sales in March and an increase of 5% throughout the quarter. He also reported a 94% increase in sales of electric vehicles.

Ford has always seen total sales drop by 1%, largely due to the stop of two models last year.

The two car manufacturers are among the most exposed to 25% withdrawal from imported vehicles that Trump announced to take effect on Wednesday. Trump announced this week After previously granted the automotive industry A 30 -day exemption from similar samples in Canada and Mexico.

GM and Ford both build cars for the American market in Mexico factories. The GM blazer and the Equinox and Mustang Mach-E Ford are made in the country.

Car manufacturers and analysts have warned that Trump automotive prices will have a devastating impact on industry, making prices increase and potentially annihilating the profits of the “Big Three” of Detroit – GM, Ford and Stellantis.

The analysis of Anderson Economic Group estimated that samples could increase the prices of new cars between $ 4,000 and $ 12,000 according to the vehicle, electric vehicles are particularly affected.

After Trump announced the automotive prices, dealers and economists have already told Bi that customers were rushing out to buy cars before entering into force.

Ford and GM were not the only car manufacturers to see a bump in front of the prices. Hyundai said that March had been the second most important month for sales, while Toyota said that US sales of its hybrids and electric vehicles increased by 44% last month.

“Last week, and including last weekend, was by far the best weekend that I have seen for a very long time,” the CEO of Hyundai Motor America North America, in a media call on Tuesday, said on Tuesday, several points of sale reported.

“I have been doing this now for a very long time. So, a lot of people, I think, rushed this weekend, above all, to try to beat the prices,” he added.