Ford reports a slight decrease in 1 quarter as industry braces for tariffs

Ford Motor On Tuesday reported a slight decline in car sales in the US in the first quarter, as the automaker and the wider sectoral brackets for impact on the impact on Auto Tariffs President Donald Trump Which should come into force this week.

Sales of the first quarter Ford were off 1.3% compared With the same period a year earlier, to a great extent, from the stop last year its SUV Ford Edge, which was made in Canada. This step was not related to tariffs. The vehicle sales decreased by 94%when the automake dealers sold the rest of the car inventory.

While the total Ford sales felt a slight decrease in the quarter, the automaker reports on his retail sales, which excludes his fleet business, increased by 5% compared to last year. Ford said retail sales were due to an increase of 19%.

The sales results are ahead of the tariffs ordered by Trump, which came into force this week, including 25% of imports on imported vehicles starting Thursday. Automobile industry also waiting for ads about potential Additional “mutual” tariffs This can affect automakers on Wednesday.

Last week, JD Power predicts reliable industry sales in March when consumers flocked into the dealers to buy a new vehicle to avoid potential price growth from the tariffs.

“Increasing retail sales by 13% compared to last year is particularly strong, allowed by consumers that accelerate purchases to avoid potential tariff growth -related tariffs,” Thomas King, President of the Data and Analytics at JD Power, said in the release. “Although the tariff situation remains both fluid and uncertain, the tariff perspective is already beginning to influence the industry.”

Forecasters of the automotive industry expected that in general the sale of cars would first increase by 1% or less year by year, as prices are rising and automakers and dealers gain sales incentives.

This is a developing story. Please check additional updates.