Plant vacation shutdowns, model changeovers and relatively robust July sales combined to cut 143,700-plus units from the month-end U.S. dealer light-vehicle inventory count to 2,654,003, as days’ supply fell to 55 from 48. Still, both figures were well above the anemic 1,969,343-unit 48 days’ supply posted in July 2011, when Japanese-make production was just beginning to recover from the widespread production shutdowns brought on by springtime natural disasters. Some ...

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