U.S. light-vehicle inventory headed into 2019 at levels robust enough to keep sales running at rates close to last year, at least over the first quarter. On face value, a first look at January and February indicates sales should average a 17 million-unit SAAR over the two months, especially because continued low unemployment and solid wage increases should keep consumers in a spending mode, even after opening their wallets enough to make the November-December holiday season for retailers in ...

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