U.S. light-vehicle sales ran relatively strong in the first quarter and, pumped by more increases in incentives along with a solid inventory base, should continue to run at or close to an historically high 17 million-unit seasonally adjusted annual rate in the second quarter. Initial modeling indicates a 16.8 million-unit SAAR in April, but with two fewer selling days than in 2017, volume at that SAAR level will decline from year-ago. An additional selling day in both May and June, which ...

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