U.S. Automakers Market Share Lowest Ever
AP Tom Krisher August 1, 2007 07:18 PM
The Detroit automakers' share of the U.S. market dropped below 50 percent in July for the first time in history, according to two analysts who track industry numbers.
Jesse Toprak, senior analyst for the Edmunds.com automotive Web site, and Jeff Schuster, executive director of global forecasting for J.D. Power and Associates, each said that foreign-based automakers took more than half the U.S. market for the first time, citing sales data released by the companies Wednesday.
The Detroit automakers' share of the U.S. market dropped below 50 percent in July for the first time in history, according to two analysts who track industry numbers.
Jesse Toprak, senior analyst for the Edmunds.com automotive Web site, and Jeff Schuster, executive director of global forecasting for J.D. Power and Associates, each said that foreign-based automakers took more than half the U.S. market for the first time, citing sales data released by the companies Wednesday.
posted by Kangaroo Brisbane Australia at 11:53 PM
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