U.S. auto makers sold 1,057,826 light-vehicles in May, dropping the seasonally adjusted annual rate to an 8-month low of 11.8 million units. Most of the shortfalls occurred among Japanese auto makers struggling with inventory shortages resulting from Japan’s March earthquake and tsunami. Toyota’s daily selling rate plunged 27.9%, compared with year-ago, earning the company market share of just 10.2%, its worst since December 2002. Honda dropped to 16.1% from year-ago, trailing the ...

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