U.S. light-vehicle inventory held steady at the end of June, finishing the month at 3.22 million units, relatively close to May’s 3.21 million but up 15.0% from year-ago. The level is high enough for the industry to easily support another strong sales month following June’s spike to a 67-month peak in the seasonally adjusted annual rate to 15.9 million units. However, because demand is expected to improve significantly in the year’s second half, strong production ...
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