U.S. sales remained sluggish in June compared to the 17 million-unit pace they’ve been running at for nearly three years. But the month’s seasonally adjusted annual rate (SAAR) still marked a significant improvement from the previous month. The upturn from May, in which the SAAR fell to its lowest point in 43 months, largely was due to increased incentives in June. May clearly was a payback period in which the market took a step back from the spike in deliveries registered over the ...

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