U.S. light-vehicle inventory hit a 10-year high in July even as sales continued to surge and NOW are forecast to end the year at 16.3 million, compared with the 16.2 million previously expected by WardsAuto. Domestic production for the U.S. market is giving no signs of letting up even though inventory arguably has been above levels necessary to meet demand for the entire year. That could mean automakers expect demand to continue an upward trend from the 16.3 million-unit seasonally adjusted ...
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