U.S. Auto Sales Continue to Slide, GM Down 45%

U.S. auto sales continued sliding in March with the top five manufacturers all reporting narrower Y/Y (year-on-year) declines compared with February. General Motors Corp. (GM) reported a 45% drop in sales for the month, while Chrysler LLC and Japan’s Toyota Motor Corp. (TM) both posted a 39% slide. Ford Motor Co. (F) saw a 41% decline.

Annualized industry sales of cars and light trucks in the U.S. are forecast to fall below 9 million in March, compared with 9.12 million in February, which saw the lowest sales since 1981. [via Dow Jones]