Two consecutive months of sales downturns combined with strong production for the market did little to alleviate the excess stock anchored on dealer lots since the latter half of 2016, as February’s U.S. light-vehicle inventory totaled record volume for the month of 4.096 million units. The total follows a record high for January of 4.029 million and was 6.8% above same-month 2016’s 3.836 million. The previous high for the month was 4.055 million in 2005. Days’ supply ...

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