Not great news - there's plenty of bad news in the numbers - but it could be a lot worse. Everyone has to find a bottom and start from there so maybe this is Detroit's bottom. We won't really know for a few months.
March sales fell sharply for General Motors, Ford Motor and Chrysler, but not as much as industry analysts had feared for any of the companies. Sales of Japanese automobiles also fell, though less steeply than they did for U.S.-based automakers.
In other automotive news Wednesday, GM's financing arm, GMAC, said it will resume making loans to subprime borrowers.
GM executives, echoing comments from other major automakers, said there were some signs that industry-wide auto sales were starting to stabilize after a brutal decline over the past year and a half.
