Asian auto makers are getting close to a 50% share of U.S. vehicle market

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Asian auto makers are on a roll. Back in 1999 Toyota, Nissan Honda, Hyundai, Kia, Subaru, Mazda, Mitsubishi and Suzuki collectively held a 25.8% market share in the U.S.

Last year their market share was 47.9% up by 2.7 points from 2008 and all signs are showing they will pass the 50% mark this year.

Majority of their gain has come at the expense of domestic manufacturers GM, Ford and Chrysler Group. Their market share was last year 44.8% down from 69.8% back in 1999.

European automakers have also gained share, but a lot slower than Asian. In 1999 their share was 4.4% and last year it was 7.3%.

via: Wards Auto