In what is traditionally inventory-building season, U.S. dealers closed March with more light vehicles on their lots than at any time in three years, but robust sales trimmed days’ supply to a 3-month low. March light-vehicle stocks totaled 2,574,854 units, up 69,116, or 2.5%, from the prior month. That’s the highest level since March 2009, when 2,811,360 LVs were in dealer stock. But last month’s robust selling rate trimmed the critical days’ supply measure to ...

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