The traditional big three i.e. GM Corp Lovre Kalinic Croatia Jersey , Ford Motor Co and DaimlerChrysler AG's Chrysler Group on the whole continued to lose market share. Their combined US market share fell to 59.38% in 2005, down from 60.53% in 2004. GM’s US market share declined in 2005 to 25.88%, compared with 27.2% in 2004. Ford’s market share was 18.3% in December 2005, compared with 19.3% the previous year. DaimlerChrysler AG’s Chrysler Group continued to outperform its European rivals. Although sales declined by 2.3% in 2005, its market share was 15.3%, up from 14.03% in December 2004. However, the Asian big three continued to gain market share. Combined share of Toyota Motor Corp, Honda Motor Co, Nissan Motor Co rose from 39.46% in 2004 to 40.61% in 2005. Toyota’s market share was 13.0% in December 2005, compared with 11.91% the previous year. Toyota is preparing to open more North American factories and is confident of increasing its market share to 15%.
As of December 2005, GM remained the largest motor company by light vehicle unit sales followed by Ford, DaimlerChrysler Ivan Vargic Croatia Jersey , Toyota and Honda in that order (Table 7.3) . However, taken into account the sales of all automobiles, then GM, Toyota, Ford, DaimlerChrysler and Honda lead the market in that order. Freightliner LLC, owned by DaimlerChrysler, remained the largest manufacturer of heavy duty trucks not only in the US but also in Canada (Table 7.4) . The company is known mainly for the heavy duty class 8 diesel trucks as well as class 5-7 trucks. By the end of December 2005, Freightliner had the highest market share in class 8 trucks whereas International Truck had the highest market share in classes 6 and 7.
The composition of the US auto industry has changed over the past two decades with the Detroit’s Big Three, Chrysler, GM and Ford, continuously and slowly losing their market share to Asian companies like Toyota Motor Corp Ivan Strinic Croatia Jersey , Honda Motors co, Hyundai Motor co, Nissan Motor co, Kia Motors co, Fuji Industries Limited, Mazda Motor Corp, Mitsubishi Motors Corp and Suzuki Corp. These Asian automakers collectively held 25.8% of the US market in 1999, which increased to 36.6% in 2005 and to 45% by 2007.
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Aggregate car sales of the top five European companies (including UK sales) rose by 0.55% from 9.20m units