Reported 1 day ago
Ford and General Motors recorded significant sales increases in the second quarter of 2025, fueled by panic buying amidst impending tariffs on imports. Ford's sales rose 14% to over 612,000 vehicles, while GM's surged 7% to nearly 747,000 vehicles, supported by strong demand for crossovers. However, experts warn that the sales surge may be followed by a slowdown due to a payback effect and potential price hikes from manufacturers as they adjust to increased costs from tariffs.
Source: YAHOO