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Saturday, June 06, 2009

Asian Automakers Lost Market Share in USA in May 2009

May 2009 saw a bad month for Asian carmakers in the US auto market. Asian automakers lost 2.5 percentage market share in May as their overall market share stands at 45.6 percent. This has been the first such drop for the Asian carmakers in the US. Well, it does not mean that the competitors of Asian car makers in US market fared very well in May, but Asian car makers experienced more dip in their sales compared to their competitors.


Japanese and South Korean automakers declined 37 percent in their May sales, while other competitors in the market saw 32 percent drop in their sales last month. It was a bit strange because some US-based car makers like GM and Chrysler have been bankrupted, while Asian automakers were favored by increasing fuel price.


Related article:

bloomberg

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