U.S. light-vehicle inventory remained at a 9-year high in February even though year-to-date sales are 1.5% below year-ago. The last time inventory was higher in February, sales were on track to end 2005 at 16.95 million. So far in 2014, they are tracking at a 15.3 million-unit seasonally adjusted annual rate. LV inventory ended February at 3.73 million units, 20.5% above year-ago and highest for the month since 4.05 million in 2005. It’s also the highest for any month since May ...

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