U.S. light-vehicle inventory spiked upward more than usual from the prior month in November despite higher than expected sales that included an extra selling day taken from December. Inventory increased by a whopping 241,000 units from October to November to a total of 3.64 million units. October-to-November increases typically are about 150,000 units in a healthy market, but this year’s rise was an 11-year high. Coming off the best sales volume for November in 10 years, the magnitude ...

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