North American production is slightly behind schedule for May and manufacturers are expected to finish the month nearly 21,000 units below plan, a 1.2% shortfall (see data p.7). That gap is not surprising considering the industry built to 102% of plan in April and 101% in March, and it is not significant enough to hurt overall inventory levels or indicate manufacturers are anticipating a slowdown in the next few months. May North American output is projected to finish at 1.69 million ...

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