U.S. light-vehicle inventory ended March on the lean side but in good shape overall for a market running at a 15.3 million-unit annual sales rate. However, the relatively low stocks means North American LV production, three-fourths targeted at the U.S. market, may have to be boosted, particularly if sales improve. Currently, second-quarter output is forecast at 5.2% ahead of like-2012. Inventory totaled 3.24 million units, 17.6% above year-ago and flat with the prior-month total, ...
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