U.S. inventory rode into May a little on the high side, meaning some manufacturers likely will continue with spot production slowdowns and another slight increase in month-to-month incentive activity is on tap – the same pattern as March-to-April. On the whole, however, inventory levels are not excessive, and in some cases stocks are being built up in preparation for future production slowdowns due to retooling for major model changeovers. In fact, some vehicles are in catch-up mode to ...

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