Its not just U.S. Automakers, Honda and Toyota feel the pain

Its slow and painful for Asian Automakers such as Toyota Motor (NYSE:TM) and Honda Motor (NYSE:HMC), both stocks near 52-week lows and the outlook doesn't look good.

Even Asia's automakers are feeling the pain of Ford (NYSE:F) and GM, due to tight-credit low-demand, over supply, and just a bad world economy.

November Toyota Motors (TM) sales fell 34% (largest since 1987), Honda Motors (HMC) sales dropped by 31.6% (largest since 1982), while South Korea's Hyundai sales declined a whopping 40%.

Honda shares are down to $19 and Toyota shares just above $61, their stocks haven't been this low since 2003-early 2004.  With low expectations and a brutal market place, shares could go even lower.

Disclaimer: No positions in any of the securities mentioned in this publication.