Filed under: Car Buying , China , Chevrolet , Ford , GM , Honda , Nissan , Toyota American automakers that conduct business in China have benefited from growing anti-Japanese sentiments among Chinese buyers, as most recent sales numbers indicate. According to Automotive News , a territorial dispute over uninhabited islands have resulted in Chinese consumers rejecting vehicles from Toyota , Honda and Nissan in increasing numbers. Meanwhile, sales of General Motors cars and minivans in its largest market grew 14 percent in October, to 251,812. Ford moved 60,518 units in China, representing a 48-percent increase in sales compared to the same month a year ago. Meanwhile, Toyota, Honda and Nissan sales have all taken nosedives. Toyota reported that its sales fell 44 percent last month, following a 49-percent drop in September. The latter two companies both announced their worst month-to-month decline in sales, dating back to 2007 for Honda and 2008 for Nissan. Still yet to be announced are Volkswagen sales in China. The German automaker has been battling GM for the top sales spot in China this year, and it outsold GM last quarter for the first time in eight years. When we last checked in on the two companies, GM had a slight year-to-date lead of 77,000 units.
Filed under: Car Buying , Chrysler , Ford , GM , Honda , Hyundai , Kia , Toyota Domestic automakers have much to be happy about, with Chrysler , Ford and General Motors all gaining market share last year for the first time since 1988. Yet according to Bloomberg, 2012 won’t be as good to Detroit. Total sales are projected to grow from 12.8 million vehicles last year to 13.6 million, according to the report, but increasing competition from Korea and a Japanese recovery from the natural disasters of 2011 mean those extra sales aren’t likely headed to the Big Three. The news agency spoke to five analysts, and predictions have the U.S. automakers losing 1.3 percentage points this year. The analysts estimate that GM will drop 0.6 of a percent, Ford will lose 0.5 percent, and Chrysler will be down 0.2 percent. Toyota is seen gaining 0.9 percent, with Honda grabbing an extra 0.5 percent, while Hyundai and Kia are only projected to see their combined market share improve by 0.01. If all this comes true, GM would have the top market share in the U.S. at 19 percent, with Ford in second at 16.3 percent, followed by Toyota at 13.8 percent, Chrysler at 10.5 percent, and Honda at 9.5 percent. Analysts: U.S.