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IPFS News Link • Economy - Economics USA

U.S. automakers regain majority of domestic sales in wake of Japan quake

• RawStory.com
The Detroit Three carmakers captured more than half the sales in the US market for the first time since September 2008 amid supply shortages caused by the Japanese quake, industry data showed Friday.

Toyota and Honda have been hardest hit by the March 11 disaster which disrupted global supply chains just as the US auto industry was beginning to recover from a deep economic downturn which pushed sales down to levels not seen in decades.

That helped push the market share of General Motors, Ford and Chrysler to 50.1 percent in June from 49.6 percent in May and 46.5 percent in April, according to Autodata.

 

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