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MARKETS - USA - Big Three Set For Further Market Share Declines
USA -FORBES -06.14.05: -- In a review of the automotive sector, Prudential Equity Group said domestic automakers are set for further declines in market share through 2006 as Japanese firms attempt to branch out into luxury SUVs and light trucks. "The big three's U.S. market share has been on a secular downward trajectory that has accelerated since 1998, as the likes of Toyota Motor and Honda Motor, expand into the profitable U.S. automobile market," said Prudential. "Toyota and Honda have grown sales in both the U.S. and Europe, and we believe this trend will continue at least through 2007, increasing the importance of a diversified revenue stream." The research firm said General Motors, and Ford Motor, have partially offset slumping sales in the U.S. by expanding into China, South America and Australia...
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