The Ford display is seen on 16 April 2025 at the New York International Auto Show.
Daniel Davis | CNBC
Detroit – like automakers Ford Motor, Hyundai Motor And Kia reported an increase in important year-on-year US sales in April on Thursday, as consumers participated Buy new vehicles Next to increase potential value due to tariff.
Tariff Fear-Faith Started in late March and continued in April, promising many vehicle manufacturers offer special discounts or promised not to increase prices in the near period due to President. Donald TrumpAuto tariff.
Thomas King, president of the Data and Analytics Division at JD Power, said, “The April results dominate the possibility of an increase in future vehicle due to tariffs.”
But there is no good time. King and Cox Automotive Chief Economist Jonathan Smok Note which slowed the demand in late April, as New vehicle inventions tightened And prices increased after the earlier consumer crowd to buy.
“The economy and auto markets are infection in a world with high tariffs on imports,” Smoke said on Tuesday. “The first phase of frenzy in the retail vehicle market has already been passed as it is ending with a lower speed compared to the onset of April.”
Smoke stated that high cost and lower vehicle inventions are likely to “may be reduced speed and less sales in future weeks.”
The automakers enjoyed the consumer congestion while it went on, though.
Ford reported an increase in their April sales 16% year-on-year, was also running simultaneously by consumers. “Employees Pricing” Program The company launched Trump’s 25% auto tariffs on imported vehicles, which came into effect in early April. Ford said on Wednesday that it was expanding the event through the weekend of July 4.
Hyundai, who promised not to increase prices at least early June, reported an increase of 19% in sales of the brand last month as compared to April 2024.
Kia, which is owned by Hyundai’s original company, but is a separately operated in the US, said its sales had increased by about 14% compared to a year ago.
General Motors Report US auto sales based on quarter, but GM CEO Mary Barra on Thursday Told investors The automaker had its best April since 2007.
Trump’s 25% tariff of imported vehicles in America effective on 3 April. Although he This week modified some tariffsThe additional levy on auto parts is expected to start by Saturday.
This week’s changes included reimbursement of automakers for some American parts and reducing the “stacking” of tariffs on each other for the industry.
Ford CEO Jim Farley said on Wednesday that changes in this week’s tariffs are helpful, but More work There is a need to assist vehicle manufacturers and to develop the American auto industry.
