U.S. light-vehicle sales hit a big bump in August, casting a shadow over how well the rest of the year will do. So far, the expected summer blowout hasn’t happened. August sales came in well below expectation, at a seasonally adjusted annual rate (SAAR) of 16.5 million, compared with July’s forecast of 17.2 million and year-ago’s 17.9 million. Sales volume totaled 1.425 million, for a daily selling rate over the month’s 25 selling days of 56,981, 5.6% below year-ago’s 60,330 – 27 ...
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