Well this is one bit of good news.
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GM hangs on to its share of market
But Chrysler and Ford see first-quarter retail sales fall
BY SARAH A. WEBSTER • FREE PRESS BUSINESS WRITER • April 18, 2008
Despite the tough American economy, General Motors Corp. has started the year off right -- holding its share of the retail market in the first three months with a stable of strong new products such as the Chevy Malibu, Buick Enclave and Cadillac CTS.
GM captured 21.6% of retail sales in the U.S. market during the January-March period, according to the latest estimates provided exclusively to the Free Press by the Power Information Network, a subsidiary of J.D. Power and Associates.
Crosstown rivals Chrysler LLC and Ford Motor Co., meanwhile, performed poorly.
Chrysler lost 1.5 percentage points of share, ending with 9.8%. Ford dropped a little more than a half percentage point to 13.9%. Those are substantial declines when one considers that every percentage point of annual market share is about the equivalent of one assembly plant's full production for the year.
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