A lack of inventory relief is increasing the likelihood that over the spring or summer the industry will undertake some kind of fire sale aimed at lopping off unwanted stock from dealer lots. However, it does not appear the industry is panicking. Most of the excess inventory comprises domestically produced vehicles, yet North American automakers are planning Q2 production at 1.5% above the year-ago period. That’s after U.S. sales of domestically made light vehicles declined 3.0% ...

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