High inventory prompts GM Large-pickup production cuts.
Robust production schedules boosted the number of light-vehicles on U.S. dealer lots for a second time in November, even as stronger post-Hurricane Sandy sales trimmed the days’ supply by 4.1%. In total there were 3,195,886 new cars and light-trucks in stock at the end of November, up 147,000 units from prior-month’s 3,048,729 and 32.1% ahead of year-ago’s 2,418,887. That gave the industry a 4.2% step up on the 3,182,300-unit November average for the last 28 years, ...
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