- Jan 7, 2002
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Detroit?s automakers once again lost market share to Asian and European rivals in 2003.
?On the whole, not a pretty sight,? wrote David Healy, an analyst with Burnham Securities Inc., in a report published Thursday. General Motors Corp. almost failed in its bid to gain market share for the third straight year ? despite offering big rebates ? ?and probably wound up with 27.8 percent of the total U.S. vehicle market, versus 28.4 in 2002 and 28 percent in 2001,? Healy added.
Ford fared worse, Healy wrote, falling to about 20.5 percent of the market in 2003, down from 21.1 percent in 2001 and 22.7 percent 2001. DaimlerChrysler AG?s Chrysler division dropped to 12.5 last year, from 12.9 percent in 2002 and 13 percent in 2001.
Foreign brands, meanwhile, continued their seemingly inexorable climb in the United States, capturing 37.8 percent of the market, up from 34.8 percent in 2001, Healy wrote. Each percentage point of market share equals roughly 170,000 cars and trucks.
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?On the whole, not a pretty sight,? wrote David Healy, an analyst with Burnham Securities Inc., in a report published Thursday. General Motors Corp. almost failed in its bid to gain market share for the third straight year ? despite offering big rebates ? ?and probably wound up with 27.8 percent of the total U.S. vehicle market, versus 28.4 in 2002 and 28 percent in 2001,? Healy added.
Ford fared worse, Healy wrote, falling to about 20.5 percent of the market in 2003, down from 21.1 percent in 2001 and 22.7 percent 2001. DaimlerChrysler AG?s Chrysler division dropped to 12.5 last year, from 12.9 percent in 2002 and 13 percent in 2001.
Foreign brands, meanwhile, continued their seemingly inexorable climb in the United States, capturing 37.8 percent of the market, up from 34.8 percent in 2001, Healy wrote. Each percentage point of market share equals roughly 170,000 cars and trucks.
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