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.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02General Motors reported a more than 60% increase in U.S. vehicle sales
00:05for the first quarter of 2025, according to CNBC.
00:09Company outperformed industry expectations amid a rush by consumers
00:12to buy before Trump's 25% auto tariffs take effect this week.
00:16GM's gains were driven by strong demand for electric vehicles,
00:19as well as entry-level crossovers and full-size SUVs.
00:23Hyundai and Kia saw double-digit sales growth,
00:26while Nissan, Honda and Toyota hosted smaller gains.
00:29Ford was the only major automaker to report a sales decline
00:32due to the discontinuation of its Edge SUV.
00:35Auto executives report a spiking end-of-March sales
00:37as buyers rush to avoid possible price hikes.