Lean inventory of light trucks indicative of U.S. market growth.
U.S. light-vehicle inventory ended April in solid shape, based on WardsAuto data. Inventory totaled 3.27 million units, 19.5% above year-ago and a 1% gain on March, showing auto makers overall still are building to rising demand. U.S. inventory levels generally fall from March to April, but the increase is not a red flag. April’s days’ supply at month’s end of 64 is slightly below average for this time of year, indicating long-term demand is growing. April’s ...
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