U.S. sales rebounded as expected in July, following the same pattern as the previous two years and likely meaning August will be even stronger. U.S. light-vehicle sales posted a 17.2 million-unit seasonally adjusted annual rate (SAAR), well above the prior month’s nearly 6-year low of 15.4 million and an improvement on the 16.5 million pace of the first half of the year. (The SAARs are adjusted to reflect revisions to factors back to January 2000 that were issued this month the Bureau of ...

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