02:46 PM EDT, 04/01/2025 (MT Newswires) -- General Motors ( GM ) posted a double-digit percentage increase in first-quarter US vehicle sales, while Ford Motor's ( F ) tally edged lower.
GM delivered 693,363 vehicles during the three-month period, up nearly 17% from a year earlier. Electric vehicle sales soared 94% to 31,887, while Buick's deliveries jumped 39% to 61,822.
Cadillac and GMC increased 18% each to 41,757 and 146,220, respectively. Chevrolet's deliveries rose 14% to 443,564.
"GM's sales growth outpaced every other major automaker, and the driving force is our portfolio," said President of Global Markets Rory Harvey.
Last month, the Detroit automaker expanded its partnership with chipmaking giant Nvidia ( NVDA ) to use artificial intelligence systems aimed at optimizing plant operations, with plans to accelerate the development of autonomous vehicles.
Separately, Ford said Tuesday that its US vehicle sales fell 1.3% year over year to 501,291 in the first quarter. The company attributed the decline primarily to "daily rental fleet sales timing and lost volume from the discontinuation of the Ford Edge and Transit Connect" vehicles.
Internal combustion engine vehicle sales dropped 4.8% to 427,668, while electrified vehicles rose 26% to 73,623, with hybrids up 33% and EVs rising 12%. Car sales slid 32% in the quarter from a year earlier, while sport utility vehicles decreased 17%. Truck sales rose 15%.
GM's shares were little changed in Tuesday afternoon trade, while Ford's fell 2%.
Last week, J.D. Power and GlobalData said retail sales of new vehicles were expected to grow 13% year over year to about 1.3 million units in March. The projected growth rate is "particularly strong, enabled by consumers accelerating purchases to avoid potential tariff-related price increases," said Thomas King, president of the data and analytics division at J.D. Power.
The White House last week announced 25% tariffs on imported passenger vehicles and certain auto parts. The tariffs could be expanded to additional parts if deemed necessary by the Trump administration.
President Donald Trump's planned reciprocal tariffs will be effective immediately as they are announced Wednesday, CNBC reported, citing White House Press Secretary Karoline Leavitt.
Separately, The Washington Post reported, citing unnamed sources, that White House aides have drafted a proposal that would impose tariffs of about 20% on most imports.
Price: 46.99, Change: -0.05, Percent Change: -0.10