Toyota Motor Corp said it is unlikely to recapture its peak market share it held four years ago in the United States, its biggest market, the latest sign the Japanese carmaker is shifting from aggressively expanding sales to improving quality.
Toyota, the third best-selling carmaker in the United States after General Motors Co (GM.N) and Ford Motor Co (F.N), is likely to earn market share of 14 to under 17 percent in the future, Senior Managing Officer Jim Lentz said on Wednesday. Toyota's share for the five months to May was 14.2 percent.
"I think we had some tailwinds that were very, very unique, so I'm not sure if 17 percent is a realistic number," Lentz told reporters in Nagoya, Japan. "But somewhere between today's 14 (percent) and that number, I think we will continue to grow."
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