May’s U.S. light-vehicle sales improved on year-ago’s results, but still are disappointing in light of the heavier incentives in place during the month. The end of the war in Iraq, rising consumer confidence and improving incentives failed to provide the spike in sales that stronger incentives alone have since fourth-quarter 2001, leaving auto makers over inventoried. (See related data: Ward's U.S. Light Vehicle Sales by Brand and Group) May sales rang in at a tepid 16.1 ...
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