Bloomberg Television
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GM, Ford, Hyundai Motors See Sales Rise Ahead of Tariffs
Posted
April 1, 2025
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April 1, 2025
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4:19Now PlayingAutomakers including General Motors Co. and Hyundai Motor Co. reported a jump in US auto sales, driven by the threat of price hikes from President Donald Trump’s tariffs. Researchers predicted that anxious shoppers would accelerate purchases to avoid potential tariff-related price increases, and March results were particularly strong due to this factor. The quarter's sales may be the last one of relative normalcy before the industry is upended by 25% tariffs on passenger-vehicle imports, which could increase the cost to build vehicles by as much as $12,000. Bloomberg's Steve Man reports.
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