U.S. dealers entered September with a 12-year-high level of inventory for the second straight month, including the highest August days’ supply for cars since 1992 and import volume rising to a level not reached for the month in nearly three decades. Light-vehicle inventory ended August at 3.535 million units, slightly above July’s 3.530 million and 7.1% higher than like-2015’s 3.302 million. August’s 61 days’ supply was flat with July, but well above ...

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