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Sales declines slow down for most major carmakers
CommentsU.S. car and truck sales showed signs of stabilizing in June after a year of sharp declines, but every major automaker except Honda Motor Co. reported lower sales than in May.
Still, year-over-year declines last month slowed for four of the six major carmakers, with Ford Motor Co. reporting the smallest drop in a year at 10.7 percent when compared with June 2008.
Even Chrysler saw its year-over-year sales decline shrink, and analysts say that’s among the signs that an auto industry slump that began with $4 per gallon gasoline last summer could be leveling off.
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