U.S. auto sales surge as consumers buy cars before Trump's 25% import tariffs take effect.

U.S. auto sales have surged as consumers rush to buy cars before President Trump's planned 25% tariffs on imported vehicles go into effect. Ford reported a 10% sales increase in March, particularly in retail sales, which rose 19% month-over-month. The tariffs, set to be implemented shortly, are anticipated to raise vehicle prices significantly. While Ford's overall first quarter sales dipped 1.3%, the company's retail sales performed well, especially for the Maverick and Mustang Mach-E. Automakers and dealers are wary of potential layoffs if tariffs lead to a decline in sales.

2 weeks ago
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