Ford and GM report big sales boosts as Trump's tariffs threaten to raise prices and hit their profits

Core Insights - GM and Ford reported significant increases in vehicle sales ahead of the Trump administration's 25% tariffs on imported vehicles, with GM's sales up nearly 17% and Ford's retail sales increasing by 19% in March [1][2] - The tariffs are expected to have a severe impact on the automotive industry, potentially raising new car prices by $4,000 to$12,000, particularly affecting electric vehicles [3] Group 1: Sales Performance - GM's new vehicle sales jumped nearly 17% compared to the first quarter of the previous year [1] - Ford reported a 19% increase in retail sales for March and a 5% increase overall for the quarter, alongside a 94% increase in electric vehicle sales [1] - Hyundai experienced its second-biggest month for sales ever in March, while Toyota reported a 44% increase in US sales of hybrids and electric vehicles [4] Group 2: Impact of Tariffs - The 25% tariffs on imported vehicles are set to take effect, with GM and Ford being particularly exposed due to their manufacturing in Mexico [2] - Analysts have warned that the tariffs could wipe out profits for the Detroit "Big Three" automakers, which include GM, Ford, and Stellantis [3] - Customers are reportedly rushing to buy cars before the tariffs take effect, leading to increased sales across multiple automakers [4][5]