The monthly auto sales report

Auto sales in January continued to tank.

GM:...........Down 53%.
Ford:.........Down 48%.
Chrysler:...Down 44%.
Toyota:......Down 40%
Honda:......Down 38%
Nissan:......Down 37%

And this was with even larger-than-usual incentives. The steel industry will suffer from this, as will the parts manufacturers. Things in the Modwest get bleaker.

UPDATE: Great charts and comments from James Hamilton at Econbrowser.