U.S. Inventory Holds Steady as Sales Rise, Days Supply Falls to 53

U.S. light-vehicle inventories remained stable at the end of March, even as daily sales rose 26.2% from February, dropping the industry days supply to 53.

Last year at this time, low daily sales suffering from the depths of the recession combined with stocks of more than 2.8 million units to give the industry a bloated 82-day supply.

LV stock available at the end of March numbered 2,157,487, down just 8,396 units from the end of February.

After ...