More news on sales

Nov. 2 (Bloomberg) -- Toyota Motor Corp. and Honda Motor Co., spurred by new car models, helped Asian auto brands win a record share of the U.S. market in October as sales plunged for General Motors Corp. and Ford Motor Co.

The combined market share for Japanese and South Korean automakers rose to 40 percent, up from 35.9 percent a year earlier, while the combined U.S. share of GM, Ford and DaimlerChrysler AG's Chrysler fell to a historic low of 52.4 percent in October.

Industrywide sales fell 14 percent, paced by declines of 26 percent each for GM and Ford, the two biggest U.S. automakers, who stopped offering all buyers the same discounts that employees pay. Toyota and Honda have sparked sales with Toyota's redesigned Avalon sedan and Honda's Civic compact, which offer better fuel economy than truck models.

Full article here: http://www.bloomberg.com/apps/news?p...49Q&refer=asia