May
07
Big Three Lost Purchasers In June
Author: Anthony Fontanelle
Source: articledashboard.com
The Detroit’s Big Three share of the American auto market dived to a record low in June, statistics showed last Tuesday thus predicting another summer of deep discounts, cheap car loans and deals on leases.
The General Motors Corp. had its worst month in nine years as its sales of cars and light trucks dropped more than 24 percent from the period a year ago. It plummeted to a market share of 22.1 percent, according to an estimate by the Autodata Corporation, a firm that tracks industry statistics.