US car sales just had their worst quarter since the Great Recession

CNN | Jul 1, 2020 at 7:48 PM
  • New York (CNN Business)Major automakers reported a more than 30% drop in US sales in the second quarter, the biggest plunge in sales since the Great Recession and the auto bankruptcies of 2009.
  • Several of the top automakers reported quarterly sales Wednesday, and the weeks of pandemic-forced dealership closures hit them hard.
  • And all the car rental companies are selling cars from their existing fleets, creating more competition for.