June is shaping up to be one of the worst months in recent memory for auto sales, with consumers steering clear of large gas-guzzlers and automakers running low on supplies of small, fuel-efficient models that are in demand.
After an unexpectedly weak start to the month, several auto analysts and forecasters predicted a huge drop Wednesday in the annualized selling rate for June to as low as 12.5 million vehicles.
That's a figure that would have been unthinkable just a few months ago. The last time annual car and truck sales came in below 13 million was in 1992.