The shares of the two largest Detroit car manufacturers moved to Overdrive on Tuesday because Ford and General Motors reported that they had been selling increasing sales in the second quarter.
However, the new common market data show that unexpectedly, which are also felt by other car manufacturers, the most encouraged by panic buyers trying to overtake tariffs. Now the concern is that the second in 2025. Half will be like a compact sedan driving down the Rubicon trail.
Read too: OPEC+wants to pump the way back up and Microsoft reduces another 9,000 employees
The automotive industry and future US car buyers visit roads with the economy to some extent. Trump administration in April He broke the rate of 25% of imported cars and trucks together with his duties on foreign parts. According to JD Power analysts in March and April, in the event of a threat of prices, Americans flock to showrooms and purchased about 173,000 additional vehicles. On Tuesday, car manufacturers announced the sales numbers of the sales for panic purchase and incentives to clean up the stock when the customer’s flair, especially Ford, offers employees the price of discounts until July 6. (Laddling that Mustang will become more expensive next week).
Ford stated that its second quarter sales were 14% from a year earlier to 612 095 vehicles or ‘about about about 10 times It is estimated that the company has increased by 1.4% of the industry. GM said the second quarter sales increased by 7% to 746,588 vehicles, resulting in Tuesday. Gm. Sales of the second quarter. This year, including Chevrolet Trax, Traverse and Equinox; Yukon Its name, on the arousing side:
-
JD Power estimates that the annual car sales pace in June Decreased to 15 million from 17.6 million. April, which is the slowest in 12 months. Company analysts wrote that March and April The sale of 173,000 additional vehicles is the “attractive effect”, which “has now become a payback effect, reducing June sales less than the actual level of demand for vehicles.”
-
Sales can increase even slower if car manufacturers conclude that they need to increase prices to make tariff costs for consumers. COX Automotive estimates that import a car will cost $ 5,700 more at tariffs, while collecting one $ 1,000 will cost more than 4-8% of the price. However, JD Power says buyers may still have time, predicting that even if some price increases may come this month and August, “it will probably be at the end of the year until new price determination and promotion strategies will be fully implemented.”