The three car companies from Detroit will lose their position in the market to competitors from Asia

Experts say the «Detroit Three» will probably do worse compared to their Asian competitors when they share their third-quarter U.S.sales numbers this week.This is because gas prices are going up a lot, mainly because of the situation in Iran, and this is making people choose cars that are hybrids or more fuel-efficient.
The total market share of General Motors, Ford Motor, and Stellantis might drop to about 36% in the third quarter.At the same time, Asian car brands like Toyota and Honda, which have a lot of hybrid models, are expected to make up more than half of all new car sales during that time, as reported by the industry analysis company Cox Automotive.
Hybrids have become a popular choice for people wanting to save money on gas, which hit an average of $4.43 per gallon in September—up from $3.20 the previous year—according to data from the American Automobile Association (AAA).
Toyota Motor Corporation is likely to benefit the most from this change in trends, as its total sales for the third quarter are expected to increase by 2.2% compared to the same quarter last year.
Although GM is expected to stay ahead in the U.S.market, Cox says that its overall quarterly sales dropped by 5.2% when compared to the previous year.
Meanwhile, Hyundai Motor Group is expected to beat Ford in U.S.quarterly sales for the first time; Cox predicts sales of 511,421 vehicles, compared to Ford’s 504,172.
Stellantis’s sales for the quarter are expected to have dropped by almost 1% compared to the same period last year, totaling 317,330 units.