Unexpectedly strong light-vehicle deliveries in May took a good chunk out of U.S. dealer inventory heading into June, and assuming sales volume does not drop too much this month from the prior period, automakers should be in good stead with a balanced level of stocks for Q3. LV inventory ended May at 3.542 million units, 3.3% below April, but 10.5% above year-ago. Day’s supply dropped to 60 from April’s 69, and was above year-ago’s 58. Even though there likely will be some ...

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