Study: Toyota's Loss is Honda's Gain
Honda Motor Co. appears to be the biggest beneficiary of a steep drop in sales this month of Toyota Motor Corp. vehicles, according to a study by auto research firm TrueCar.com, The Detroit News reported.
Toyota's retail market share has slumped more than five points to 12.1 percent in mid-February from 17.5 percent on Jan. 21, when the Japanese automaker issued its second big U.S. recall. Toyota has recalled more than 6 million vehicles in the United States since November, mostly for acceleration-related issues.
Honda's U.S. market share increased 1.8 points to 13 percent during that period, and Ford Motor Co. recorded the second-highest gain of 1.1 points to 11.7 percent.
Retail sales refer to auto sales to individuals through dealers and exclude fleet and car rental company purchases. Retail sales tend to be the most profitable for car companies.
If the trends hold for the rest of the month, Honda will emerge as the automaker with the highest retail market share in the United States, according to TrueCar. Honda does very little fleet business.
Its gains might seem surprising, as Honda was among the few car companies that didn't offer incentives to customers trading in Toyotas.
But TrueCar analyst Jesse Toprak said he wasn't surprised. "The most cross-shopped brand for Toyota is Honda, and has been for a long time," he said.
Chevrolet's market share slipped despite General Motors Co.'s aggressive marketing and incentives, according to TrueCar.
"If someone isn't going to buy a domestic vehicle, $1,000 isn't going to convince them," Toprak said. "Ford benefitted because of its improving image and quality, not necessarily because they offered an incentive."
More Industry

Charger Network Growth Slows
Despite a projected increase in public EV chargers in 2026, charging infrastructure remains a top concern for consumers as the gap between the most and least EV-friendly places remains substantial.
Read More →
Lenders, Consumers Take on More Auto Loan Risk
September records loosened credit access the most in over a decade as buyers took advantage of the conditions to afford trading, though loan applications fell.
Read More →
Next-Gen Hybrids in Sight
Dealerships can expect to see revamped hybrids from Honda next year as the company rolls out a new system and model lineup.
Read More →
Gem State Stores Change Hands
A larger auto group founded in the industry’s early years sold two franchises to a neighbor group that's on a growth spurt.
Read More →
Charging In Motion
Honda has been researching wireless in-motion charging for electric vehicles since 2025, and new technology developments have put it a step closer to a final product.
Read More →
Twin Cities Stores Sell
Minnesota-based Walser Automotive Group made what it called the most significant acquisition in its history with a three-rooftop deal in Minneapolis.
Read More →
U.S. Auto Sales Still Below Prepandemic Levels
Mobility Global industry observers don’t expect the market to return to the higher volumes that became routine before Covid but to stay well below its potential.
Read More →
The Powertrain Shift
Electric-vehicle owners are backpedaling, according to new data, with product availability driving many to shift back to gas-powered engines.
Read More →
Achromatic Autos
The shades that dominate the U.S. car market don’t call attention to themselves, though grayscale may have plateaued after a 30-year upswing, research shows.
Read More →
Used-Vehicle Affordability Worsens
Listing prices in August defied seasonal trends, rising above $27,000 for the second time this year.
Read More →