U.S. light-vehicle sales spiked in July, as expected, but failed to reduce significantly the ’06 model inventory that has been building over the last several months. Additionally, while Big Three results paled against year-ago comparisons due to record volume resulting from July 2005’s deep discounting, Toyota Motor Sales U.S.A. Inc. surged ahead to become the second-best seller in the month, closing in on General Motors Corp. and overtaking DaimlerChrysler Corp.’s year-to-date sales. ...

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