Ford Motor is increasing the prices of its Mustang Mach-E, Maverick, and Bronco Sport models by up to $2,000 starting May 2, amid uncertainty caused by President Trump's tariffs. This move follows the company's warning of $2.5 billion in costs due to ongoing trade tensions.
As President Trump's proposed tariffs loom, Americans are flooding car dealerships in anticipation of rising prices. March saw a significant spike in new vehicle sales, with experts predicting continued demand as shoppers race to secure better deals.
Ford Motor Company has reported a 1.3% decline in first-quarter U.S. vehicle sales, impacted by the discontinuation of the Ford Edge SUV and looming tariffs from President Trump. Despite this, retail sales surged by 5% in the same period, driven by consumer urgency to buy before prices rise.
