U.S. light-vehicle inventory ended October less than 1% above year-ago but is robust enough to handle a year-end flourish, especially if the industry continues the 18 million-plus seasonally adjusted annual rates of the previous two months. Inventory ended October at 3.58 million units, 4.9% higher than September. September-to-October increases usually are closer to double-digit gains, but October’s selling period was unusually long and included part of November. Consequentially, ...

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