US second-quarter auto sales set to rise, tariffs may drive up prices
- On July 2, 2025, Ford and General Motors announced a significant increase in their second-quarter sales, driven largely by heightened demand within the U.S. market.
- Their sales growth mainly resulted from panic buying ahead of a 25% tariff imposed earlier this year on imported vehicles and parts.
- Ford's overall sales rose 14.2% year over year to 612,095 units, led by a 15% increase in pickup truck sales, while GM's sales grew 7% to 746,588 vehicles.
- GM's electric vehicle sales jumped 111% to 46,280 units, including 4,508 electric Hummer SUVs and over 17,000 Equinox EVs, while Ford's pure EV sales declined 31% despite a 23% rise in hybrid sales.
- The strong first-half sales suggest a temporary boost fueled by tariff fears, but analysts warn price hikes could dampen future demand as Ford's employee pricing deal ends after July 4.
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