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GM, Hyundai Sales Jump as Trump Tariff Fears Spur Car Buying
Customers look at vehicles for sale at a GMC Chevrolet dealership in Yuma, Arizona.
Photographer: Eric Thayer/BloombergThis article is for subscribers only.
Automakers including General Motors Co. and Hyundai Motor Co. reported higher US auto sales as the threat of price hikes from President Donald Trump’s tariffs drove consumers to showrooms.
GM’s deliveries soared 17% in the first quarter, with a 15% gain in retail volume, the company said Tuesday. Ford Motor Co. saw retail sales rise while Toyota Motor Corp. reported slight growth in the first three months of the year.