After suffering one of the steepest fourth-quarter declines in years, North American production will not rise again until at least third-quarter 2007. Even as output begins to climb above year-ago comparisons during the second half of next year, it will not begin to reach parity with record highs until 2008. Ward’s AutoForecasts predicts production will fall for five straight quarters, beginning with April-June’s 0.7% shortfall and ending when 2007’s July-August period pushes ahead of ...
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