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May U.S. Light-Vehicle Sales to Fall from April, But Q2 Still Expected to Improve on Q1

Executive Summary

With expectations that higher inventory at the end of the month will lead June’s results to rebound from May’s sequential decline, the second quarter's annualized rate is pegged to rise to 14.3 million units from Q1's 14.1 million. Also, year-over-year gains are forecast to resume in the third quarter and entire-2022 is expected to finish at 15.2 million units.

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