U.S. light-vehicle sales declined year-over-year for the fifth straight month in May, leaving the gate open to more production cuts as the month’s results did little to relieve the inventory burden carried by several manufacturers. The month’s seasonally adjusted annual rate of 16.6 million units was well below year-ago’s 17.1 million, and brought the 5-month 2017 total to 16.9 million compared with January-May 2016’s 17.2 million. May’s estimated retail ...

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