Automotive companies are losing market share, a key metric in measuring their profitability.
Here are the 10 automakers that have lost market share in the U.S. since 2010:BMW, the German automaker that built the BMW 3 Series and later the M3, is the latest to lose market share.
It lost 5.2% of the auto industry’s market share last year.
The company lost 1.2 million sales in 2017, which was the worst annual drop in the last 10 years.
The company was still the largest seller in the market, with about 15% of sales, according to The Economist.BMW is also the fourth-largest automaker in the world, according the International Federation of the Phonographic Industry.
The other three are General Motors, Ford, and Toyota.
Ford Motor Co., a maker of the F-Series, was the third-largest car maker in the United States in 2020.
GM also had a very strong market share compared to the industry as a whole.
Ford sold almost 14 million cars and trucks in the country, the highest number in the industry, according an Automotive News report.
Toyota Motor Corp., which has a global reputation for producing premium vehicles, was third, selling about 11.7 million vehicles in the year.
Ford, which has been in the spotlight for poor sales, had about 10.4 million cars sold in 2020, while Toyota, which is more affordable and has a more stable product line, sold about 7.3 million.GM, which also had strong sales in 2020 and also has the Focus Electric crossover SUV, had a slight gain in sales in the quarter.
Ford and GM also have a strong presence in the luxury and high-end markets.
The automaker has the Lincoln MKC, Lincoln MKZ, Lincoln XC, and Lincoln Navigator SUV.
Ford is also home to the Lincoln LIV, which the automaker introduced in 2019.
The new model is expected to be the highest-volume vehicle in its lineup.