Asian makers loom larger in Big 3 mirrors as sales gap continues to narrow
May 15, 2003
By JAMES B. TREECE | Automotive News
General Motors and Ford Motor Co. still sell more cars and trucks than any other auto companies in the world, but their rivals are gaining on them - and in some cases, gaining fast.
In 2002, the sharpest increases in vehicle sales came at Asian makers, according to the Automotive News Data Center's ranking of the world's largest automotive manufacturers based on unit sales.
Manufacturers in the small but growing markets of China and India grew fastest in percentage terms. Korean makers also turned in hefty gains, while most Japanese makers were higher. Global sales last year edged up 0.7 percent over 2001 to 57.6 million units.
Of the world's four largest automakers, Toyota Motor Corp. was alone in selling more cars and trucks last year. Its sales rose 4.1 percent to 6.17 million units. GM, Ford and the fourth largest maker, Volkswagen AG, were lower.
GM sales eased 1 percent to 8.50 million, but the company still comfortably held the No. 1 spot. No. 2 Ford's sales slipped 1.3 percent to 6.82 million.
With the gain last year, Toyota's lead over No. 4 VW widened to 1,178,673 units last year from 847,481 in 2001, while its gap with Ford narrowed to 651,891 units from 978,980.
DaimlerChrysler, the No. 5-ranked automaker by sales, edged up 0.9 percent to 4.54 million units in 2002.
The gap between Toyota and the American makers has been narrowing for years.
Consider the changes since 1995.
GM's sales that year were slightly higher than last year's, at 8.567 million units. Ford's sales of 6.6 million in 1995 were almost the same as last year's.
But Toyota's sales have surged 35 percent since 1995, from 4.6 million. Part of that increase, though, reflects volume gained when Toyota increased its stakes in Hino Motors Ltd. and Daihatsu Motor Co.
Put another way, Toyota held 10.7 percent of the global market in 2002, up from 9.9 percent a decade ago in 1992.
Not all of the Japanese makers have fared so well. Nissan Motor Co.'s share of the global market has fallen from 6.1 percent in 1992 to 4.7 percent last year. Mazda Motor Corp.'s global market share dropped from 2.2 percent to 1.7 percent over the same period.
As a result, the global market share held in 2002 by the five leading Japanese makers - Toyota, Nissan, Mitsubishi Motors Corp., Honda Motor Co., and Mazda - was 25.2 percent, down from 26.6 percent a decade earlier.
The 2002 data also show that BMW Group, powered by the worldwide success of the Mini, rejoined the 1-million-unit club.
BMW's sales jumped 16.7 percent in 2002 to 1.05 million, moving it up one notch to No. 14, ahead of Mazda Motor Corp.'s 964,800, down 0.4 percent. BMW's sales fell below 1 million in 2000 after it sold Rover Group.
Korea's Hyundai group had the second highest percentage increase of any maker with more than 1 million sales. Including affiliate Kia Motors Corp., Hyundai sales climbed 10.8 percent last year to 2.94 million. That propelled it to No. 7 on the list ahead of Honda Motor Co., whose sales rose 5.6 percent.
Financially troubled Fiat Auto S.p.A. had the worst showing among the top 15 makers, as its sales tumbled 12.4 percent to 2.08 million. That left it ranked No. 11, unchanged from 2001 but down from No. 7 in 2000.
My first car was a 67 Mustang Coupe, 2nd one was a 67 Cougar XR-7, 3rd one was a 66 Mustang Coupe. Why did I get rid of these cars for ? I know why, because I'm stupid, stupid, stupid.
My next Ford.....