June 30 U.S. light-vehicle inventory declined from May, an atypical downward month-to-month change caused by last month’s sales volume finishing unexpectedly higher than anticipated by the industry as a whole. A consequence could be slower sales in July, possibly even a sharp downturn from June’s 17.4 million-unit seasonally adjusted annual rate, which was significantly above the year-to-date SAAR of 17.1 million. In fact, initial modeling for July indicates sales could fall to ...

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