Detroit's Automakers Are Booming. Can It Last?
Jul 9th 2013 8:02PM
Updated Jul 9th 2013 10:30PM
It's a milestone we haven't seen in a long time... 20 years, to be exact. For the first time in two decades, General Motors , Ford and Chrysler all gained market share in the U.S. in the first half of 2013.
It's proof that the Detroit renaissance is for real, but can the Big Three keep it up? In this video, Fool.com contributor John Rosevear looks at what's driving the American auto sales boom and ponders why Detroit's winning streak may be at risk.
Ford is doing very well here in the U.S., but it's positively booming in China. A recent Motley Fool report, "2 Automakers to Buy for a Surging Chinese Market", says that Ford is one of two global giants poised to reap huge gains as China's auto boom continues. You can read this report right now for free - just click here for instant access.
The article Detroit's Automakers Are Booming. Can It Last? originally appeared on Fool.com.Fool contributor John Rosevear owns shares of Ford and General Motors. Follow him on Twitter at @jrosevear . The Motley Fool recommends Ford and General Motors. The Motley Fool owns shares of Ford. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.