U.S. dealers held 185,459 fewer light vehicles in stock at the end of April than in March, although a 7.1% drop in the daily selling rate, compared with prior month, kept the days’ supply steady at a too-low 54. April inventory rose 7.5% compared with year-ago, but days’ supply trailed like-2010’s 57 days.’ April’s unit-stock decline largely resulted from a 16.9% drop in the available inventory of Asian brands, mostly due to Japanese production disruptions. Related document: ...
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