The jump in U.S. light-vehicle sales was higher than expected in May, besting April’s total by 13% on a daily-rate basis (each month with 26 selling days) and trailing year-ago by just 31%. The performance marked the lowest year-over-year decline since September 2008. May’s 35,500-unit daily selling rate also was the highest since September. May’s volume of 923,346 light vehicles broke a 7-month streak of sub-900,000-unit sales. However, last month was the ninth straight in which U.S. ...

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