Following my expression of patriotism in my fourth of July editorial, there shouldn’t be any surprise to the current success and rise of the American automobile industry. But to further support their efforts, AutoNation, the largest automotive retailer in the US of A, announced that it has high expectations for the Detroit Three’s gain in market share for the second straight year in a row.
After having sold 50% of the new cars and trucks in the US, GM, Ford and Chrysler’s market share has gained significantly over the Japanese manufacturers from that giant quake in March. This should come to no surprise.
Some analysts say that it will take at least until the end of the summer before Toyota, Honda, and Nissan get entirely back on their feet.
– By: Chris Chin
Source: Detroit News