ALEXANDRIA, Va. -- The American International Automobile Dealers Association (AIADA) today released June 2008 sales figures for the international automobile industry. AIADA represents over 11,000 international franchises, which saw total sales for the second quarter of this year reach over 2 million vehicles, an increase of over 16.4 percent.

"In light of rising gas prices and a sluggish economy, international nameplate dealers are delivering vehicles that meet the evolving needs of the driving public," said Cody Lusk, president of AIADA. "The international industry has increased its market share as consumers make a transition from large trucks to smaller vehicles. Due to its emphasis on fuel efficiency and advanced technologies the international industry will continue its growth within the U.S. market."

International nameplates claimed a majority share of the car market in June, with 54.2 percent of the market versus 49.8 percent at this time last year. International brands also sold 100,358 more vehicles than the domestic brands this month, despite an overall downturn within the industry. Asian brands have a 46.2 percent share of the market, Europeans have an 8.0 percent share, and domestic brands finish the month off with 45.8 percent. The second quarter of 2008 is up slightly for the international industry with 1,783,003 cars sold in the first quarter of the year and 2,076,918 sold in the second quarter.

"International auto makers and dealers have a bright future in the United States," said Lusk. "Right now, these brands are offering consumers what they're looking for - reasonable prices, cutting edge style, and excellent fuel economy."

Courtesy: American International Automobile Dealers Association, USA

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Posted by Naresh Koshti on 5 July, 2008 4:02:01 PM IST #