The Ward’s/Global Insight forecast for North American light-vehicle production through June 2004 has been trimmed. The outlook for U.S. demand has dampened and dealer inventory is on track to end the year at about 300,000 to 400,000 units ahead of where its needs to be given the current market that's running at about a 16 million-unit seasonally adjusted annual rate (SAAR). Even if sales pick up in December to a 17 million SAAR, it will not put enough of a dent in inventory to keep ...
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