William Maley
Editor/Reporter - CheersandGears.com
February 1, 2012
2011 was a good year for the domestics. Chrysler, Ford, and General Motors saw their market share grow. But, a new report from Bloomberg says the Big Three could see a drop in 2012.
Sales for 2012 are expected to grow from 12.8 million vehicles last year to 13.6 million, but competition from the Koreans and a recovery of the Japanese automakers mean those sales sales aren't likely headed to the Big Three.
Bloomberg asked five analysts to predict market share for automakers in 2012 and their predictions put the U.S automakers losing 1.3% for 2012. Analysts see GM dropping 0.6%, Ford dropping 0.5%, and Chrysler dropping 0.2%. Analysts also see Toyota growing 0.9%, Honda gaining 0.5%, and Hyundai and Kia growing 0.01%.
Source: Bloomberg
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