U.S. light-vehicle sales in April bounced back from a dip in the seasonally adjusted annual rate in March, yet are showing signs the industry could be hitting its cyclical peak since demand bottomed out during the 2009 recession. Some seasonally strong months still are ahead, so it could be premature to say sales growth is plateauing, but results have flattened somewhat since hitting 18 million-plus SAARs in September-November 2015. April’s SAAR of 17.3 million units was well ahead ...

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