It’s shaping up to be a strong year for the U.S. light-vehicle market, which will end three straight years of decline. If forecasts for the rest of 2004 prove correct, the industry’s bloated inventories should shrink to more appropriate levels by fall. Ward’s forecasts sales to end the year at 17 million units – 17.4 million including medium- and heavy-duty trucks – 2.4% above 2003 results, and the third time in the last five years they will hit the 17 million mark. Including this ...

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