GM, Ford Report Q1 Sales as Auto Industry Braces for Tariffs [Yahoo! Finance]
General Motors Company (GM)
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Source: Yahoo! Finance
Ford's total vehicle sales declined 1.3% year-over-year, while GM said it had its best Q1 sales since 2018. The Trump administration is expected to implement its 25% tariff on foreign cars and parts, and introduce new tariffs Wednesday. Automakers General Motors ( GM ) and Ford Motor ( F ) reported first-quarter sales Tuesday as the auto industry braces for the impact of the Trump administration's planned tariffs Ford's total vehicle sales declined 1.3% year-over-year to 501,291 vehicles in the quarter. Retail sales rose 5%, propelled by a 19% surge in March, an indication that consumers could be moving to buy new cars ahead of the tariffs. GM delivered 693,353 vehicles in the quarter, a 17% jump and its best opening three months since 2018. It posted double-digit growth across all of its brands. Ford shares were down 2% in recent trading, while GM shares were little changed. The quarterly sales figures come as the auto industry braces for the impact of President Donald T
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