killed the market for trucks and SUVs and made it impossible for many drivers to swap out for more fuel-efficient, new cars.
Major automakers, including Ford Motor Co (F.N) and General Motors Corp (GM.N), and leading dealerships have warned that June sales plummeted and shoppers grew suddenly scarce.
Now the urgent question for investors has become whether the world's largest car market has hit bottom or whether an even deeper downturn awaits over the remainder of the year due to $4 per gallon gasoline and tighter credit.
Full Story: Auto sales: bleak, but is it the bottom? (Reuters)
Major automakers, including Ford Motor Co (F.N) and General Motors Corp (GM.N), and leading dealerships have warned that June sales plummeted and shoppers grew suddenly scarce.
Now the urgent question for investors has become whether the world's largest car market has hit bottom or whether an even deeper downturn awaits over the remainder of the year due to $4 per gallon gasoline and tighter credit.
Full Story: Auto sales: bleak, but is it the bottom? (Reuters)
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