US car sales tank in the 2nd quarter

Major automakers are reporting their biggest drop in sales since the 2009 recession.

On Wednesday, several top automakers reported a more than 30% plunge in sales during second quarter.

Car companies have been forced to close dealerships for weeks because of the pandemic.

But sales were also hurt by record job losses and limited spending money, as well as mass work-from-home policies that temporarily put commutes on hold.

Also a factor in fewer sales, more competition from car rental companies.

They are selling existing fleets because of the travel slow-down.

Some credit analysts say it could take several years for the auto industry to recapture its pre-pandemic sales numbers.