General Motors on Monday reported an incredible 45 percent decline in its sales from the month a year ago, and Chrysler said its sales were down 35 percent. The Ford Motor Company said it sold 30.2 percent fewer cars and trucks.
Toyota Motor said its sales were 23 percent lower, despite offering no-interest financing and large discounts on many models. Sales were down 33 percent at Nissan and 25.2 percent at Honda.
“If you adjust for population growth, this is probably the worst industry sales month in the post-World War II era…”