U.S. light-vehicle sales fell off the cliff in June when compared with expectations – including a Ward’s forecast, as most industry watchers underestimated the pull-ahead effect in May and other factors. June sales equaled a 15.4 million seasonally adjusted annual rate (SAAR), lowest for any month since 14.3 million in August 1998 – when inventories were decimated by a labor strike at General Motors Corp. June’s performance also was well below May’s surprising 17.8 million-unit pace and ...
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