As the spring selling seasons kicks in, the U.S. auto industry should see a slight uptick in May’s light-vehicle daily sales rate over April’s 47,829 units. But it won’t be enough to stave off a double-digit drop compared with year-ago’s DSR of nearly 60,000 cars and light trucks. Anything less than an 8% gain on April will indicate a deepening of the industry’s downturn. However, a slight upturn in consumer confidence, given last month’s decidedly low volumes, could push May’s DSR ...
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