Unexpectedly high sales for the second straight month took another healthy chunk from U.S. light-vehicle dealer inventory in June. June U.S. light-vehicle sales posted a 16.9 million seasonally adjusted annual rate, topping the prior month’s strong 16.7 million, and the best SAAR for any month in nearly eight years. Even with an atypically low number of selling days in the month – 24 vs. the usual 26 or 27 –June’s volume knocked 2.1% off of May’s inventory ...
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