General Motors Corp. took a sizeable chunk out of its swollen ’04 model inventory levels in the U.S. by posting a 19.9% sales increase in September. Despite the progress, however, GM stocks remain higher than year-ago levels, according to Paul Ballew, GM general director-sales and industry analysis. GMC is on pace to set yearly sales record in 2004. “We certainly saw a significant improvement with regards to our inventory,” says Ballew. “Our ’04 model inventories dropped by about ...

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