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US first-quarter auto sales get a lift from looming Trump tariffs

  • Ford reported a 19% increase in retail sales in March compared to last year, while GM sales rose nearly 17%.
  • Industry analysts warned that Trump's tariffs could increase new car prices by $4,000 to $12,000 and devastate profits for major car manufacturers, including GM and Ford.
  • Hyundai's CEO stated that customers rushed to buy cars ahead of the tariff implementation, making March one of their best sales months ever.
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wardsauto.com broke the news in on Monday, March 31, 2025.
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