U.S. auto sales take a nosedive
Chrysler and General Motors sold 19 percent less automobiles in the U.S. this March than they did last March, according to new sales figures. Ford reported a sales drop of 14 percent in March 2008 compared to March 2007, and even Toyota, which has reported steady sales through other hard times, reported that sales dropped 10 percent. As has been the case for a while, sales of big ol’ gas guzzlers (relied upon by American companies) decreased, while sales of smaller, daintier-sipping vehicles were steadier. High gas prices, a weak economy, and the credit crunch are taking their toll, and analysts predict that 2008 may be the worst year for the auto industry in a decade.