European car sales continue to plunge.

European car registrations dropped for the 18th consecutive month in March, slumping 10% to 1.35M vehicles. Germany led the way as sales skidded 17%, while Spain, Italy and France all fell, although the U.K. rose 5.9%. GM's (GM) registrations dropped 13%, Ford's (F) 16% and Toyota's (TM) 17%, although Honda's (HMC) rose 17%. "People have stopped buying cars as consumers are much less confident...especially after the latest decision on Cyprus,"