Auto Tariffs Boost Q1 Sales: GM and Others Lock in Prices Amid Rising Costs 🚗

General Motors reported a more than 16% increase in U.S. vehicle sales for the first quarter of 2025, according to CNBC. The company outperformed industry expectations amid a rush by consumers to buy before Trump’s 25% auto tariffs take effect this week. GM's gains were driven by strong demand for electric vehicles, as well as entry-level crossovers and full-size SUVs. Hyundai and Kia saw double-digit sales growth, while Nissan, Honda, and Toyota posted smaller gains. Ford was the only major automaker to report a sales decline, due to the discontinuation of its Edge SUV. Auto executives report a spike in end-of-March sales as buyers rushed to avoid possible price hikes.