Overall sales in March rose 10%, Ford said, a bounce from the 1.3% decline in the first quarter overall. The biggest jump was in retail sales, or sales directly to consumers. That rose 5% in the quarter driven by a 19% surge in March.

Just after Ferrari announced it will boost its prices by 10% due to tariffs, a Wall Street firm has increased its estimate of new car price hikes.

President Trump's first round of auto tariffs start Wednesday, and a New Jersey car dealership says people are rushing to buy now before prices rise.

Some car buyers and car dealers are collectively holding their breath as they brace for the 25% tariffs President Donald Trump is expected to impose on auto imports.

Analysts estimate that the tariffs will significantly increase the prices of new vehicles, adding a few thousand dollars for entry-level models to $10,000 or more for high-end cars and trucks. Higher prices for new vehicles are also likely to nudge used-car prices higher.

The 25% auto tariffs, set to take effect on April 3, will apply to imported passenger vehicles, including cars, SUVs, minivans, cargo vans and light trucks, according to a White House statement released after Trump's Oval Office remarks on Wednesday.

Brittany Humphries and her husband Jon Bassford are what sales people at car dealerships might call motivated buyers. The couple, who live in suburban Maryland outside Washington, DC, moved swiftly to lock in purchases this year to avoid the risk of paying thousands of dollars more once Trump administration policies on electric vehicles and tariffs fully kick in.

President Trump’s auto tariffs have customers and dealers spooked. At the Lexus of Route 10 dealer in the New Jersey suburbs, the showroom floor was buzzing more than normal for a weekday at the end of the month ahead of the 25% tariffs on foreign cars that are poised to take effect on April 2.

"Their plan was for the summer, but with the tariff talk they moved it up a little bit and went ahead and decided to buy in March," Shane Collins told WHAS11.