The automaker posted first-quarter earnings before interest and taxes of $4.3 billion, easily beating analysts’ expectations.
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High interest rates and prices (an average of $49,275 for new cars in March, per Kelley Blue Book data) have kept buyers from the car market.
According to Kelly Blue Book figures, US electric vehicle sales fell 36% to 234,171 units in the fourth quarter of 2025.
US automakers General Motors, Stellantis (formerly Fiat Chrysler) and Ford are bracing for slowing sales in 2026 amid rising unemployment.