U.S. light-vehicle inventory took a healthy cut in March thanks mostly to unexpectedly high sales volume not seen for any month in several years. Inventory was estimated by WardsAuto to be 200,000 units above optimum heading into March, but the month’s sales of 1.53 million units, highest since May 2007, chopped it to a better level. Temporary plant shutdowns by some North American manufacturers also contributed to the streamlining. Total LV inventory, which usually either remains flat ...
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