Asian-Based Makers See Increased Car Sales
This article is from the archive of The New York Sun before the launch of its new website in 2022. The Sun has neither altered nor updated such articles but will seek to correct any errors, mis-categorizations or other problems introduced during transfer.
Honda Motor Co., Japan’s second-largest automaker, no. 3 Nissan Motor Co., and Mazda Motor Corp. bucked a slump in February American sales, leading a gain in market share for Asia-based brands.
Sales increased 4.9% from a year earlier for Honda, 1.2% for Nissan and 6.7% for Mazda. Toyota Motor Corp., Asia’s biggest automaker, had a 2.8% drop. The market share of Japanese and South Korean companies rose 2.4 percentage points to 41.8%, according to Autodata Corp.
“Domestic U.S. automakers will probably lose their 50% market at some point this year, perhaps not for good, but eventually that’s where we’re headed,” the director of market forecasting for Edmunds.com, Jesse Toprak, said.
