Four straight months of sliding demand, including the past two being well below expectations, are keeping U.S. dealers loaded with new-vehicle inventory. Weighing heavy on the possibility that demand could alleviate the burden – besides the industry generally in a cyclical downturn – is weakness in used-vehicle prices, the prospect that interest rates will rise again and that 2017 will be the worst year for penetration of fresh product since 2011. Excess new-vehicle inventory ...

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