Automakers See 17% Sales Surge Amid Tariff Fears

Automakers in the United States, including General Motors and Hyundai, have reported a surge in vehicle sales, driven by consumer concerns over potential price increases due to Trump's tariff threats. General Motors announced a 17% increase in deliveries and a 15% rise in retail sales for the first quarter. Ford also saw an uptick in retail sales, while Toyota reported a slight increase in retail sales for the first three months of the year. Randy Parker, CEO of Hyundai and Genesis North America, described the recent weekend as "one of the best weekends I've seen in a long time," noting a significant influx of customers aiming to avoid tariffs. This quarter may be one of the last relatively normal periods for the automotive industry, as Trump is set to impose a 25% tariff on imported passenger vehicles this week, a move that could disrupt the entire sector.

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