The second quarter will bring some slight growth to U.S. light-vehicle sales, while slowed production rates will drive down inventory to a 2-year low. Ward’s is projecting sales from April to June to be up less than 1% from year-ago and the seasonally adjusted annual rate (SAAR) to rise to 16.7 million from like-2004’s 16.5 million. The first-quarter SAAR, including an estimate for March, is pegged at 16.3 million, compared with like-2004’s 16.5 million. The 6-month SAAR through June ...

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