Light-vehicle sales in the U.S. continued to outdo expectations in March, bucking the slowdown in the economy and other negative indicators including a declining stock market (see insert for data). But it's apparent most automakers are cutting into profit margins with incentives even more so than last year to pump sales and support the 17.2 million seasonally adjusted annual rate (SAAR) that the industry paced at during the first quarter of this year. A higher mix of sales to fleets at ...

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