CNNMoney.com
Companies Economy International Corrections Pre-market Trading After-hours Trading Winners/Losers/Actives Bonds Currencies Commodities World Markets Money Magazine Real Estate Taxes Jobs Ask the Expert Money 101 Autos Mutual Funds The Help Desk Loan Center Best Places to Live Ask the Expert Ultimate Guide to Retirement Retirement Calculators Best Funds Ask the Mole Best Places to Retire Big Tech Blog Techland Blog Sectors and Stocks Fortune 500 Techs Tech Talk 100 Best Places to Launch Ultimate Resource Guide Small Biz Makeovers FSB 100 Ask & Answer Fortune 500 Technology Investing Management C-Suite Rankings Main Create Portfolio Edit Portfolio Create Alerts Edit Alerts
PARTNER
CENTER

Import auto brands again overtake Big Three

Big Three automakers fall behind import brands for the second time on record in November.

Subscribe to Top Stories
google my aol my msn my yahoo! netvibes
Paste this link into your favorite RSS desktop reader
See all CNNMoney.com RSS FEEDS (close)
By Chris Isidore, CNNMoney.com senior writer

NEW YORK (CNNMoney.com)  -- Import auto brands overtook the traditional Big Three automakers in U.S. sales in November, only the second time on record that the domestic brands fell behind their overseas rivals.

While Ford Motor Co. posted a narrow gain in sales compared to a year ago, General Motors saw its sales fall 11 percent due primarily to a drop in fleet sales to business customers such as rental car companies. Privately-held Chrysler LLC also saw a modest decline in sales in the month.

The only previous month in which domestic brands lost out to imports was July of this year. That month domestic brands had only 48.1 percent of U.S. sales.

The final figures for November were not yet available, but the domestic brands of GM, Ford and Chrysler sold only 588,761 cars and light trucks between them, while the import brands had a preliminary sales total of 591,028 with a handful of small niche import brands yet to be heard from.

In the global auto industry, the distinction between domestics and imports is somewhat artificial. GM (Charts, Fortune 500) has one import brand, Saab, while Ford (Charts, Fortune 500) had three -- Volvo, Land Rover and Jaguar, although it is looking to sell the latter two. It also has a controlling stake in Mazda. In addition, overseas automakers such as Toyota Motor (Charts) and Honda Motor (Charts) build a significant portion of the cars they sell here at U.S. assembly plants and other facilities they now operate.

But the loss of the sales lead is another sign of the financial and market share challenges faced by the U.S. automakers, all of whom have been cutting staff and closing factories in an effort to bring their capacity back in line with demand and stem ongoing losses.

The domestic brands were also hurt by lower industrywide sales of light truck models, such as a pickups and SUVs, which are still their strength, although they posted good gains in the sale of so-called "crossover" models, which are SUVs with a more car-like drive.

Overall light truck sales fell 7.4 percent, while car models saw a 5.5 percent increase, according to sales tracker Autodata. That left industrywide sales down 1.6 percent compared a year earlier, another sign of a slowing U.S. economy. To top of page

Photo Galleries
Is Obama's foreclosure rescue plan working? Homeowners in trouble are having mixed results applying for President Obama's foreclosure prevention plan. CNNMoney.com readers tell us their tribulations and triumphs trying to get their loans modified or refinanced. More
Thriving in hard times Amid the Great Recession, these companies are growing fast by offering services buyers can't go without -- like life-saving medical breakthroughs. More
FSB 100: Where are they now? We check back in with several of last year's FSB 100 companies to find out if their torrid growth has continued. More
© 2009 Cable News Network. A Time Warner Company. All Rights Reserved. Terms under which this service is provided to you. Privacy Policy
Copyright © 2009 BigCharts.com Inc. All rights reserved. Please see our Terms of Use.
MarketWatch, the MarketWatch logo, and BigCharts are registered trademarks of MarketWatch, Inc.
Intraday data provided by Interactive Data Real-Time Services and subject to the Terms of Use.
Intraday data is at least 20-minutes delayed. All times are ET.
Historical, current end-of-day data, and splits data provided by Interactive Data Pricing and Reference Data.
Fundamental data provided by Morningstar, Inc..
SEC Filings data provided by Edgar Online Inc..
Earnings data provided by FactSet CallStreet, LLC.