SUVS at a Chevrolet dealer in Oshawa, on.
René Johnston | Toronto Star | Getty images
General Motors And other car manufacturers have reported notable increases in their sales of American vehicles in the first quarter, while the automotive industry accumulates for the impacts of President Donald Trump’s automotive prices which should come into force this week.
GM reported on Tuesday a leap of 16.7% of sales of new vehicles compared to the first quarter of 2024, led by additional gains in sales of new electric vehicles such as the Cadillac Escalade Qi and Cadillac Optiq, as well as notable increases in entry-level crossroads and high-size submarines.
The Detroit car manufacturer should have considerably exceeded the global sales of the industry for the first quarter, which seem to be more robust than expected. Automobile analysts originally planned approximately 1% or less sales growth from one year to the next.
South Korean manufacturers Hyundai engine And Kia Motors also reported two -digit sales gains of approximately 10% and 11%, respectively, compared to the first quarter of 2024. Honda MotorAs for him, reported an increase of 5.3%, while Toyota Motor said a gain of approximately 1% quarterly on the other.
An aberrant value so far Ford engineWho declared a reduction in sales of 1.3% in the first quarter which was largely due to the stop last year of his SUV Ford Edge.
Sales results become before the prices ordered by Trump which take effect this week, including 25% of charges from imported vehicles from Thursday. The automotive industry also awaits advertisements from potential additional “reciprocal” prices that could affect car manufacturers on Wednesday.
Automobile actions
JD Power last week has planned robust industry sales for March while consumers clashed in dealers to buy a new vehicle to avoid any potential increase in prices due to prices.
“The increase in retail sales of 13% over the year is particularly strong, made consumers accelerating purchases to avoid potential price -related price increases,” said Thomas King, president of the Data and Analytics division at JD Power, in a press release. “Although the tariff situation remains both fluid and uncertain, the prospect of prices is already starting to affect industry.”
The CEO of Hyundai Motor North America, Randy Parker, said that the Brands Hyundai and Genesis de Genesis, the South Korean manufacturer, had experienced a significant increase in traffic and concession sales sales
“Last week, and including last weekend, was by far the best weekend I have seen for a very long time,” he said in a media call on Tuesday. “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.”
It was a similar experience in other car manufacturers such as Ford. While the overall sales of the Detroit car manufacturer have experienced a slight decrease in the quarter, the automaker reports its retail sales, which exclude its fleet activities, increased by 5% from one year to the next. Retail sales were motivated by an increase of 19% in March, said Ford.
Ford’s decision to end The Edge’s production, which was produced in Canada, was not linked to Trump prices.
The 25%prices, which should come into force on Thursday, should include all vehicles that are not made in the United States, the White House last week
There are major concerns about prices with regard to business profits, as well as higher price potential on new vehicles, which already oscillates about $ 48,000, according to Cox Automotive.
Parker de Hyundai said that the company had not yet decided if it would increase vehicle prices due to prices, but it has referred to the ideal time to buy a vehicle above all potential change.
“We continue to assess all scenarios,” said Parker. “But what I would say to our customers is that, like all things in life, tomorrow is never guaranteed. And if you are interested in buying a car, this is the perfect time to buy a car, because to date, we have not increased prices.”
Hyundai, like most large car manufacturers, produces vehicles in the United States, but also imports a substantial amount from outside the country. Hyundai, including its car manufacturer Kia, is currently accelerating the production of vehicles in a new assembly plant of several billion dollars in Georgia.
Hyundai announced last week an investment of around $ 21 billion in the United States which includes a steel plant of $ 5.8 billion in Louisiana.