Car manufacturers like Ford in a fixed April for sale, driven by tariff concerns in the middle of the purchase of panic
Ford Motor, KIA and Hyundai have announced a definite result of the United States in April with the sale of a year ago because customers had bought panic because they were afraid of the rise in prices caused by tariffs.
This comes after the introduction of the TRUPP administration tariffs, which has markets and investors, and customers are worried that car manufacturers will give consumers spending tariffs. As a result, customers rushed to buy a possible price increase before new vehicles.
It seems like a frantic shrink when it's not yet over
In accordance Cnbc The purchase of tariff fears began at the end of March and remained in April, driven by some car manufacturers who offered special discounts or promised not hiking prices in the near future due to the President's Trump tariff mode.
“April results are dominated by the outlook for future vehicles due to tariffs.” Thomas King, President of the JD Power Data and Analysis Department.
However, the blooming demand may be short -lived. Jonathan Smoke, chief economist at the King and Cox automotive industry, showed that demand slowed down in late April as new vehicles tightened prices after earlier consumer rush.
“The economy and the car market are transitioning to a world with higher imports,” Smoke said on Tuesday.
“The first phase of the retail market market seems to have passed as April ends at less momentum than it started.”
Smoke.
Suits added that higher costs and lower vehicles are likely to be “jumping and can cause less sales in the coming weeks”.
Car manufacturers, including Ford, enjoyed the consumer's rush
According to CNBC, car manufacturers made consumers' rush until it lasted. For example, Ford registered a 16% surge in April, supported by consumer and continued employee pricing program That the company launched when 25% car tariffs imported into Trump came into force in early April 2000.
Ford revealed on Wednesday that it would extend this program during the July fourth weekend. The company revealed that it sold 208,675 new vehicles in April, compared to 179,588 last year.
The sale of Ford EV, which includes hybrids, jumped to 8.4% to 28 190. This year's entire US sales are sold by 3.2% to 709,966 vehicles.
The peers, Hyundai, who promised to preserve the same prices at least in early June, registered their name brand last month last month compared to the same period last year.
In KIA, which belongs to the Hyundai parent company, although they operate separately in the US, it turned out that April sales rose by about 14%a year earlier.
The largest car manufacturer, General Motorswhich announced that the quarterly sales confirmed on Thursday that it was 20% in April compared to the same month in 2024.
However, the company has revealed that the tariffs imported by the Trump Administration will cost the company the range of $ 4-5 billion this year. Mary Barra, CEO of General Motors, also revealed in an interview Cnn Because the company has reduced its profit, as the tariffs eat its profitability.
Even while enjoying the moment, Toyota Motor revealed on Thursday that sales jumped 10%year after year. The 25% tariff of imported cars came into effect on April 3. Although the Trump administration changed some tariffs this week, automatic bonuses should begin on Saturday.
Ford CEO Jim Farley said Wednesday that changes to this week's tariffs will be helpful, although even more measures need to be taken to assist the sector.
The changes include compensation of some of the US parts of the US and the “stacking” of tariffs for the industry.
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