December 2013’s light-vehicle inventory finished at a 7-year high for the month, matching the 7-year-best sales total for the period. Inventory reached 3.447 million units, 13.6% above year-ago but marking a 5.3% decline from the prior month. Because December is one of the strongest months for sales, the November-to-December inventory decline was expected. The month-to-month decline in days’ supply from 76 to 61 also was not unusual. Year-ago days’ supply was 58. Inventory ...

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