The Car Market in U.S. Predicted to Rise – U.S. car market is expected to rise in June 2011 after the drop deep enough in the previous month. Similarly, estimates by industry observers. Boosted domestic sales 12 percent over the same period a year ago and up 4 percent from the previous month.
Researchers from Edmunds.com and TrueCar.com said, annual sales estimated to reach 12 million units, slightly higher than 2010 which recorded 11.1 million units.
Of these, Hyundai, Kia, Volkswagen AG, the manufacturer of the host and a solid profit. While the two Japanese giants, Toyota and Honda continue to struggle to cover the shortfall caused by the earthquake and disaster, 11 March. And for the American market alone, the disaster in Japan was making its market share in 2011 was down 3.7 percent.
“Evidence suggests that the main factor behind the decline in sales in May and June because of supply constraints, which are mostly from Japan,” said Geprge Pipas, sales analyst at Ford Motor Co..
Hyundai and its affiliate, Kia looks to reap the benefits and disadvantages. Both manufacturers have increased to 40 percent over the previous year. These conditions make the Korean manufacturer is located in front of the Nissan and Chrysler Group LLC.
While Earl Stewart, owner of Earl Stewart Toyota in North Palm Beach, Fla., said it could not sell the unit and you can install the skating rink in my showroom. This June, we only sell 12 units of the Prius hybrid, whereas in March can reach 88 units.
For domestic manufacturers, Ford, GM, and Chrysler which when combined can be controlled over 50 percent market share. Chrysler, in particular, in the sixth month sales rose high enough to 30 percent (compared to last year) with the flagship model Jeep Grand Cherokee and Dodge Durango.