US Auto Sales Figures Sharply Down For Month of March

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US Auto Sales Figures Sharply Down For Month of March

US-Auto-Market.jpgYeah, we know, what a shock. With mounting pressure from the banking and housing markets, instability in the US economy and a short sales month, automakers are reporting sharp year-over-year declines in sales figures. GM and Chrysler led the pack with spectacular 19% declines, with Ford behind at 14% down, Toyota barely eeking into in the double digits with 10% off, and Honda trailing the pack at 3.2% down (loser). It's worth noting the overall sales for all brands was down 12%, so even though everybody sucked, Toyota and Honda sucked less than the average.[Wall Street Journal]

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