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U.S. Light-Vehicle Sales to Decline in October; Inventory to Rise

Executive Summary

U.S. light-vehicle sales will take a tumble from September’s rate, reflecting a trend in recent years that has seen deliveries decline during the model year’s first month. The third quarter was the best on a seasonally adjusted basis in 2002 and 2003, as auto makers used some aggressive pricing strategies to clear out high inventories heading into the October-December period. This year is no exception,

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