By Phil LeBeau, CNBC Correspondent
First of all, let's be clear about June auto sales. Yes, everyone will be up compared to June of last year. Big deal. In June of last year, the economy was even further in the tank, GM and Chrysler were in bankruptcy and the auto industry was gasping. Spare me the hoopla about year over year sales improving. In my book, it means nothing. What is more intriguing is comparing the daily sales rate of June with the daily sales rate of May.
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- GM (down) 8.3% Chrysler (down) 8.3% Ford: (down) 7 %