From The Japan Times · No Author · · 1m
Asian carmakers gain U.S. market share
Asian automakers now dominate U.S. sales, with Chinese firms poised to enter the market.
In brief
Asian automakers now dominate U.S. sales, with Chinese firms poised to enter the market. Asian carmakers hold over half of U.S. new vehicle sales in Q3, with Chinese entry expected to worsen market share decline. Originally reported by The Japan Times.
U.S. automakers lose market share
Major U.S. automakers have watched their domestic market share shrink even more thanks to their Asian competitors.
Chinese market entry possible
An idea floated by President Donald Trump suggests Chinese firms could enter the U.S. market.
Asian brands dominate sales
Asian brands are expected to account for more than half of U.S. new vehicle sales in the third quarter.
Record market share levels
Asian automakers approach record-high market share levels for the second quarter in a row.
Cox Automotive analyst
Charlie Chesbrough, a senior economist at Cox Automotive, said the broader market story continues to be the growing sales on Asian automakers.
What it means
Asian carmakers hold over half of U.S. new vehicle sales in Q3, with Chinese entry expected to worsen market share decline.
