Big Three See Market Share Erode
DETROIT -- Most veteran forecasters say they expect a familiar sales trend in the U.S. automotive market next year: continued gains by Asian brands at the expense of Detroit's Big Three.
A host of new cars and trucks from General Motors Corp., Ford Motor Co. and DaimlerChrysler AG's Chrysler Group has failed to stem combined market share losses this year -- a disappointment given Ford's "Year of the Car" hype and GM's industry-leading 29 vehicle introductions.
Meanwhile, Asian automakers such as Toyota Motor Corp., Nissan Motor Co. and Kia Motors Corp. have used enhanced lineups to post impressive sales gains. The growth, analysts say, can be attributed in part to their reputations for quality as well as new products -- such as Toyota's Scion brand, which targets younger buyers, and the Nissan Titan, that company's first full-size pickup.
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