Ford reports a slight decrease in sales of the first quarter as a driver for definitions

Ford Motor On Tuesday, I reported a slight decrease in US vehicle sales in the first quarter, as the automotive and the broader industry company has the effects of effects Automatic definitions of President Donald Trump That is appointed to become the effect of this week.

Ford sales in the first quarter It was 1.3 % compared With the same period in the previous year, this is largely due to the stoppage last year from Ford Edge cars, which was made in Canada. This step was not related to definitions. The car’s sales decreased by 94 %, as the car industry traders sell the remaining stock of the car.

While the total Ford sales witnessed a slight decrease in the quarter, the auto manufacturer reports that retail sales, which exclude its legendary business, rose 5 % on an annual basis. Ford said that retail sales were driven by 19 % in March.

The results of sales come before the definitions that Trump requested this week, including 25 % of the fees on imported vehicles that start on Thursday. The auto industry is also awaiting capabilities ads Additional “mutual” tariff It can affect car manufacturers on Wednesday.

Last week, JD Power expects strong industry sales for March, as consumers flocked to agents to buy a new vehicle to avoid any possible price increase due to definitions.

“Increased retail sales by 13 % on an annual basis in particular, and enabling them by consumers who are rushing purchases to avoid increasing prices related to identification tariffs,” Thomas King, Head of Data and Analysis Department at JD Power, He said in a statement. “Although the customs tariff situation is still liquid and uncertain, the possibility of definitions has already started to influence the industry.”

Protectors in the auto industry expected that vehicle sales will grow in the first quarter in general on an annual basis by 1 % or less with high prices and car manufacturers and traders call sales incentives.

This is a developing story. Please check again for additional updates.