Tuesday, July 01, 2008

Everybody's Waiting For The SUPERTRAIN

So they aren't buying cars.

The economic slowdown and the high gasoline prices hit the carmakers hard in June.

Sales fell 28 percent at the Ford Motor Company, 21.4 percent at the Toyota Motor Company and 18 percent at General Motors in June the worst month yet in a miserable year for the automobile industry.

Sales at Honda Motor Company and Volkswagen rose about 1 percent. Those two automakers are less-dependent on pickup and sport utility vehicles.