07/08/2008 05:12 am ET Updated May 25, 2011

Detroit's June Car Sales Set For Worst Showing Since 1990s

June car sales data, due out on Tuesday, are expected to show the US auto market heading for its worst year in more than a decade.

The figures could also mark a milestone for Detroit's struggling producers if they show Toyota outselling General Motors in its home market for the first time, although sales incentives recently introduced by GM could yet keep it ahead of its rival.

GM's shares on Monday hit their lowest level in half a century as investors sold them ahead of Tuesday's sales results.

As oil prices rise, household budgets are squeezed and Americans stop buying large vehicles.

Read more on Financial Times