Autoweek.com reports that March sales for cars have gone low by 12.0 percent to 1.36 million vehicles. Chrysler led the drop with a 19.4 percent plunge in sales, selling only 166,386 vehicles in March.

Several economic factors such as the rising prices of fuel, credit messes and low consumer confidence are seen as the culprit. Other American automaker decliners include General Motors and Ford at 18.7 percent and 14.1 percent, respectively.

The figures have spoken. Based on the data, there were more losers than winners. Is it a clear sign that the automotive industry has really been going down? Or is it just that a lot of people are using their money to more smart investments than the good old car?