November saw the sales of cars manufactured in North America drop to 236,000 units. That's 17% below October (which was already horrible) and 40% below the number sold in November of 2007.brimg alt= style=width: 480px; src=http://local.content.compendiumblog.com/uploads/user/7e88b461-578b-47f3-88ec-038e212ad053/aa0ff38d-9bb9-44a5-bba5-8be30d8f6977/dom_cars_dec_08.gifbrSource: a style=font-family: verdana; href=http://www.econbrowser.com/archives/2008/12/the_auto_downtu.htmlEconbrowser/a.brbrMeanwhile, a style=font-family: verdana; class=summheadline href=http://www.bloomberg.com/apps/news?pid=20601103sid=aDvTwqi_v3J8amp;refer=newsGM and Chrysler are seeking $11 billion to avert collapse this year. /aIn short, they are simply running out of cash. Democrats pledged to keep them out of bankruptcy without saying how. brbrAnd a style=font-family: verdana; href=http://www.marketwatch.com/news/story/automakers-post-steep-sales-declines/story.aspx?guid=681021CC-8778-40C2-AC80-822D0321CB9Eamp;dist=SecEditorsPicksMarketwatch tells us/a that Ford, Lincoln and Mercury combined car sales fell 31.5%, GM took an even harder hit with its 41.3% drop, Volvo sales tumbled 46.5% (ouch!) and Hummer sales dropped the most, downa stunning 63.9%.brbrToyota, Nissan and Honda had less-bad news, but each saw sales drop by more than 31%.brbrCars are piling up on the lots. If you think they're cheap now, just wait until the after-Christmas sales. But we may be approaching the point where ...