Foreign Automakers Also Piling on the Incentives
The Big Three American automakers and their Asian competitors had far different U.S. sales in August, but there was a common theme -- the
foreign companies, like the domestics, used heavy incentives to lure buyers onto the lots, according to a report in the Detroit Free Press.
Toyota Motor Corp., which outsold DaimlerChrysler AG's Chrysler Group in the United States for the first time in August, raised incentives 73 percent from a year ago, Deutsche Bank Securities analyst Rod Lache said in a Sept. 8 report. Even compared with July's heavy spending, Toyota and Honda Motor Co. beefed up incentives 12 percent as they, like the rest of the industry, tried to sell off remaining 2003 models, the Free Press said.
A Merrill Lynch report says incentives among Asian automakers, led by Toyota, rose 33 percent in August from a year ago. The result:
Asian brands saw sales rise 8 percent in August, while General Motors Corp., Ford Motor Co. and Chrysler had an overall drop of 6 percent.
While Asian brands increased incentives recently, their average spending per vehicle still falls well behind GM, Ford and Chrysler,. according to the Free Press. At the American automakers, the average outlay in August was about $4,000 a vehicle; the average among Asian brands was $1,474.
U.S. market share for GM, Ford and Chrysler fell to an all-time monthly low of 57.9 percent in August. In the first eight months of the year, the domestics' total U.S. market share was 60.1 percent, down from nearly 62 percent a
year ago. At the same time, Asian brands increased their U.S. share from 31.3 percent to nearly 33 percent. European companies are up to 7 percent of the U.S. market from 6.8 percent a year ago, according to the Free Press.
More F&I

Why Your F&I PVR Is Misleading You
Here’s a handy checklist of the numbers to track in 2026 instead.
Read More →
Auto Consumer Anxiety Presents Opportunity
A survey of U.S. drivers found the majority are concerned about finances and the economy, but those fears make many ready to buy vehicle-protection products.
Read More →
Humble and Hungry: 12 Rules for an F&I Life
Dustin Gingerich, with a decade in the F&I business under his belt, shares his thoughts on leadership, building trust with customers, and the importance of learning and innovation.
Read More →
Focus on the Opening
F&I managers must learn as much as possible about their customers, starting before they walk into their offices. The bulk of today’s consumers expect that, and good results will follow.
Read More →
F&I Reaches for the Sky
The increasingly important profit center continued making gains in the first quarter, according to StoneEagle data, ancillary products proving more popular as consumers hold onto their buys longer.
Read More →
Timing the Market Can Hurt Long-Term Program Performance
For dealer-owned reinsurance entities, avoiding volatility entirely can mean falling behind inflation and missing market rebounds that drive long term surplus growth. Missing just a handful of strong market days can materially impact cumulative returns—an important reminder for long horizon trust and investment strategies.
Read More →
The 90/10 Rule
In this video, Ryan Ruff explains the rule that elite sales professionals use to turn ordinary conversations into unforgettable customer experiences.
Read More →
Your Office Is Talking
What’s the atmosphere saying about you to your customers? You can make minor adjustments and additions that transform your space into one that creates trust with the people on the other side of the desk.
Read More →
F&I Training Fundamentals
How can auto dealerships help F&I managers fulfill their vital role in the most effective ways? Industry expert Rick McCormick shares his insights on the best ways to train these professionals and help them maintain good habits.
Read More →
Not Just Any Tire Will Do
More consumers and businesses are opting for all-season options for various reasons as safety, sustainability and convenience push practical change.
Read More →