FROM DAILY MAIL: Detroit’s biggest automakers crushed sales expectations — and President Donald Trump was quick to take credit.
The message came as Wall Street continued to reward both carmakers. Since April, GM’s stock has jumped 47 percent, while Ford’s has climbed 36 percent. This week, investors poured even more money into the stocks after both companies reported record-setting sales for the year. They are up 18 and 15 percent respectively.
GM — which owns Chevrolet, GMC, Cadillac, and Buick — posted an 8 percent sales increase compared to the same quarter last year, including a massive 105 percent surge in EV sales.
Ford and its luxury arm Lincoln also reported an 8.2 percent year-over-year rise, driven in part by a 50 percent increase in Mustang Mach-E sales.
“Ford and General Motors UP BIG on Tariffs placed on Big and Midsized Trucks coming from other countries,” Trump posted. “Thank you President Trump!”
Trump also wrote, “THE UNITED STATES IS WEALTHY, POWERFUL, AND NATIONALLY SECURE AGAIN, ALL BECAUSE OF TARIFFS! THE MOST IMPORTANT CASE EVER IS IN THE UNITED STATES SUPREME COURT. GOD BLESS AMERICA!!!”
Independent experts expresses skepticism about the long-term prospects, however. They think shoppers are taking advantage of current prices in a bid to avoid tariff-related price hikes.
“These pull-aheads have helped keep sales strong this year despite worrying economic indicators throughout 2025,” Ed Kim, the president and chief analyst at AutoPacific, told the Daily Mail. “Earlier in the year, many consumers rushed new vehicle purchases, expecting tariffs would increase prices.”
READ MORE AT DAILY MAIL
