U.S. light-vehicle inventory ended October a smidgeon above same-month 2016, but with recent stronger sales volumes combined with slower production schedules, dealer stocks should drop below year-ago in November for the first time since May 2015. Although the highest total ever for the month, October inventory of 3.85 million units was less than 1% above the prior year’s 3.84 million, easily the narrowest year-over-year gap in 2017. The decline is seen as a positive because prior to ...

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