Car Sales Drop in June 2008

Recently I came across Calculated Risk Blog.  It's an interesting blog about financial related topics.  Last week, it posted a series of blogs reporting all car manufacturers' sales drop in June 2008 compares to June 2007 except Honda. GM drops 18.2%, Toyota drops 21.4%, Ford drops 28%, Chrysler drops 36% while Honda could achieve 1.1% raise.   If the oil price continues to go up, the outlook for all car manufacturers won't be optimistic.