The automotive behemoth Ford announced a minor decline in their U.S. sales for the initial three months of the year on Tuesday. Meanwhile, stakeholders are eagerly anticipating specifics about President Donald Trump’s impending tariffs set to be discussed later this week and evaluating how these import taxes might impact leading automobile manufacturers.
The car company saw a decrease of 1.3 percent in sales within the largest global economy, totaling 501,291 vehicles, as compared to the corresponding timeframe in 2024.
The company stated this was primarily because of the discontinuation of specific vehicle models and the scheduling of rental fleet sales.
However, its initial three-month performance surpassed predictions from the automotive research company Edmunds.
Ford asserted in a statement that it observed "robust retail sales in March."
The company highlighted the strong sales of its popular F-Series pickups along with the Ranger and Maverick models as key factors driving its overall performance.
However, economists caution that Trump's extensive tariffs on vehicles and components might lead to a significant increase in average car prices by several thousand dollars over time.
Automotive duties of 25 percent are scheduled to take effect this Thursday. Trump plans to unveil further retaliatory charges later this week to tackle trading tactics deemed unjust by his administration.
This mutual interaction might have additional impacts on the United States' neighboring countries, Canada and Mexico, which are crucial participants in the North American automotive production network.
According to JPMorgan analysts, more than 80 percent of Ford's sales in the United States are generated from domestic production.
The American Automotive Policy Council representing the big three automakers have warned that tariffs should be implemented in a way that avoids lifting costs for consumers and preserves the industry's competitiveness.
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