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U.S. Light-Vehicle Sales to Weaken Again in December; Inventory Set to Rise

Executive Summary

If Winter Storm Elliott is as bad as predicted, it will create another headwind to December deliveries on top of inventory-related issues, fear of recession and rising prices and interest rates. Conversely, because the bad weather is hitting broad swaths of the U.S. at a time when most vehicle assembly plants will be closed anyway for the holiday season, production losses should be minimal and end-of-month inventory will not significantly suffer because of it.

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