GM, Hyundai Sales Jump as Trump Tariff Fears Spur Car Buying (1)

April 1, 2025, 6:02 PM UTC

Automakers including General Motors Co. and Hyundai Motor Co. reported higher US auto sales as the threat of price hikes from President Donald Trump’s tariffs drove consumers to showrooms.

GM’s deliveries soared 17% in the first quarter, with a 15% gain in retail volume, the company said Tuesday. Ford Motor Co. saw retail sales rise while Toyota Motor Corp. reported slight growth in the first three months of the year.

The past weekend was “by far the best weekend I’ve seen in a very long time,” Randy Parker, the chief executive officer of Hyundai and Genesis in North ...

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