U.S. new light-vehicle dealers closed April in the same predicament they’ve been in for several months, namely lots stocked with too many of some models and not enough of most cars, cross/utility vehicles and vans. The April inventory count turned up 2,736,985 cars and light trucks either at or in transit to dealers, some 16,000-plus units less than the prior month, although a modest sales retreat nudged the days’ supply tally to 56 from 55. That remained a far cry from the ...

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