DETROIT – An overly eager auto industry is producing too many vehicles, nearing the red line of inventory levels, says outspoken megadealer Mike Jackson, CEO of AutoNation. “Is this where we want to end up again?” asks the head of the country’s largest dealership chain, referring to the days of industry overproduction that ran rampant until the recession decimated auto sales. For a few post-recession years after that meltdown – when sales went from 16.2 million ...

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