U.S. sales fell for the fourth consecutive month in January but came in a lot stronger than expected. The surprise “boom,” along with major first-quarter production cuts at the Big Three (see story below), should help take a needed bite out of inventories. Light-vehicle sales totaled 1.17 million in January for a daily selling rate (DSR) of 44,959, 6.7% below year-ago's 48,189 (26 days this year, 25 year-ago). Sales of domestically made light vehicles decreased 8.1%, while imports were up ...

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