Asians Roar Back, Resume Conquest of Retail Market


PHOTO (select to view enlarged photo)

Washington DC April 22, 2013; The AIADA newsletter reported that Japanese and Korean automakers accounted for nearly half of all retail sales in 2012, bouncing back after inventory shortages caused by Japan's 2011 earthquake were resolved.

Asian companies passed the 50 percent milestone in 2009, when they accounted for 50.9 percent of retail volume, which grew to 51.7 percent in 2010. Their share dipped to 48.5 percent in 2011. But 2012 registration data released last week by R.L. Polk – which exclude fleet sales – show that Detroit's long decline in retail share has resumed.

Although last year was a good one for almost all companies, the combined increase in retail sales for Japanese and Korean companies was more than twice as large as the increase of the Detroit 3.

According to Automotive News, Asian automakers last year accounted for 49.9 percent of all retail sales. The combined General Motors, Ford Motor Co., and Chrysler Group total slipped from 41.1 percent to 39.4 percent. Counting all sales, including fleet, the Asians' share was 45.6 percent last year, compared with 44.5 percent for the Detroit 3.

Home | Buyers Guides By Make | New Car Buyers Guide | Used Car Super Search | Total New Car Costs | New Car and Truck Reviews
Automotive News | TACH-TV | Media Library | Discount Auto Parts

Copyright © 1996-2014 The Auto Channel. Contact Information, Credits, and Terms of Use. These following titles and media identification are Trademarks owned by The Auto Channel, LLC and have been in continuous use since 1987 : The Auto Channel, Auto Channel and TACH all have been in continuous use world wide since 1987, in Print, TV, Radio, Home Video, Newsletters, On-line, and other interactive media; all rights are reserved and infringement will be acted upon with force.

Privacy Statement | Size Does Matter | Media Kit | Affiliates

Send your questions, comments, and suggestions to Editor-in-Chief@theautochannel.com.

Submit Company releases or Product News stories to submit@theautochannel.com.
Place copy in body of email, NO attachments please.

To report errors and other problems with this page, please use this form.

Link to this page: http://www.theautochannel.com/