Wow, June's auto sales really sucked. GM was down 19%, Toyota was down 21% and Ford plummeted 28%. It can't get much worse. That's simply awful. Honda managed to eke out a 1% increase, which is just amazing considering how bad everyone else did. (Makes me glad I own two Hondas.)

These kinds of sales decreases are monstrous. With such huge supplier networks and thousands of employees, the ripples in the economy have to be felt at some point.