Big Three's Sales Drop in March

Updated from 2:25 p.m. EDT

Detroit's Big Three automakers each reported more declines in U.S. sales for March, while Toyota (TM Quote) continued to gobble up market share.

The lower sales from the big U.S. automakers show that market share losses to lower-cost, foreign-based manufacturers like Toyota continue to weigh on the U.S. auto industry amid massive restructuring efforts.

The world's biggest automaker, General Motors (GM Quote), said Tuesday that its March sales fell 7.7% on a day-rate selling day basis to 349,867 vehicles. There was one extra selling day this March compared with last year. ...