Hyundai expected to outsell Ford in third quarter as Detroit automakers lack hybrids
Hyundai is expected to overtake Ford in U.S. car sales during the third quarter. Analysts attribute this shift to a surge in hybrid demand and a lack of hybrid options from Detroit automakers. While Hyundai gains momentum, Ford and General Motors are predicted to see a slide in their U.S. market share. This trend coincides with a drop in Ford stock as the company faces potential displacement by the Asian automaker in total sales volume.
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- β Hyundai is expected to outsell Ford in the third quarter.
- β Ford and General Motors are predicted to lose U.S. market share.
- β Detroit automakers lack sufficient hybrid offerings compared to competitors.
What changed
Hyundai is now projected to exceed Ford's U.S. sales volume for the first time ever.
Live updates
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Hyundai Poised to Outsell Ford in US Market for First Time
Hyundai is expected to overtake Ford in U.S. car sales during the third quarter. Analysts attribute this shift to a surge in hybrid demand and a lack of hybrid options from Detroit automakers. While Hyundai gains momentum, Ford and General Motors are predicted to see a slide in their U.S. market share. This trend coincides with a drop in Ford stock as the company faces potential displacement by the Asian automaker in total sales volume.
Why it matters
The U.S. auto market is currently being reshaped by a hybrid boom. Detroit's traditional dominance is challenged as consumers shift away from pure internal combustion engines. High gas prices have further incentivized the purchase of fuel-efficient Korean imports.
What is confirmed
- Hyundai is expected to outsell Ford in the third quarter.
- Ford and General Motors are predicted to lose U.S. market share.
- Detroit automakers lack sufficient hybrid offerings compared to competitors.
Still unconfirmed
- Soaring gas prices could be the primary driver putting Korean automaker sales ahead of Ford.
- Cox predicts Ford is likely to be overtaken by an Asian automaker.
What to watch next
- Official third quarter U.S. sales reports from Ford and Hyundai
- New hybrid model announcements from General Motors and Ford
confidence 90%Sources used for this update (12)
- CNBC β Hyundai expected to outsell Ford in third quarter as Detroit automakers lack hybrids
- Detroit Free Press β Analysts expect Q3 U.S. sales growth for some carmakers. Not Detroit 3
- Barron's β Ford Stock Falls as Hyundai Is Set to Outsell Them for the First Time Ever
- Forbes β Ford Likely To Be Overtaken By Asian Automaker Cox Predicts
- ua.news β Hyundai may overtake Ford in US car sales for the first time β CNBC
- Bloomberg.com β Ford Poised to Be Overtaken by Surging Hyundai in US Sales
- The Detroit News β GM, Ford losing US market share, auto forecaster says
- Reuters β GM, Ford to see US market-share slide, forecaster predicts
- Investor's Business Daily β Soaring Gas Prices Could Put Korean Automaker's Sales Ahead Of Ford
- Yahoo Finance β Question of the Day? What Do GM and Ford Need to Do to Stem Predicted Losses?
- autoweek.com β Hyundai Overtakes Ford as Hybrid Boom Reshapes US Auto Market
- buffalonews.com β Automakers thought Canada was getting a trade deal. Then tariffs doubled.
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