18 percent drop in new vehicle registrations

7 On Your Side
July 24, 2008 8:15:12 PM PDT
If you're in the market to buy a new vehicle, you're part of a shrinking population.

The California New Car Dealers Association said Thursday that only 800,000 new cars and light trucks were registered the first half of this year. It might sound like a lot, but it's down 18 percent from this time last year, and it's been dropping the past three years.

Car dealers blame high gas prices and the poor economy.