Auto Sales Down
July 1, 2008
Auto sales in the US plunged in June, amid a slumping economy and higher fuel prices. GM, the nation’s largest car manufacturer, posted an 18 percent decline in sales for June. While large, the number was below expectations partly due to an end of the month sales campaign. Other manufacturers also posted lower numbers. Sales for Ford were down 28 percent while Toyota sales dropped 21 percent. Honda Motors, which has the most fuel efficient line-up, increased sales by about 1 percent.