Bloomberg reports that vehicle sales were down 42% YoY in March (slightly worse than the last record decline, last month, of 41%), to a record low 8.8 million units -- also a record low, down from last month's 9.1 million.
While general retail sales are showing signs of life, and even home sales are rebounding slightly on dramatically lower prices and low mortgage rates, consumers are still reluctant to spend money on (or maybe, unable to get financing for) new vehicles.
UPDATE: Bloomberg updated their story (and didn't acknowledge a few changes in math). Now the story reports a 37% decline to 9.86 million vehicles -- which means an increase.
Methinks someone at autodata (the source of the aggregate numbers) made a math error.