Analysis Sales rose and domestic production held steady in May, dropping U.S. light-vehicle inventory to a 49-day supply – lower than any non-“Cash for Clunkers” month since July 2005. Stocks dipped below 2.1 million units for the time since January, falling to 2,062,504, 3.6% less than in April and 11.8% below May 2009 – a month marked by the shutdown of Chrysler LLC production across North America. The 76,166-unit drop from April is the largest single-month non-Clunker decline ...

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