Vehicle sales data is also far from the pillar of strength it would seem at first glance based on the 17.37 million units annualized pace recorded during May, on a year ago basis sales slipped 1.5%. As a result, sales either fell or increased depending on your preferred mainstream media outlet. It’s worth noting that this data is based on factory to dealer deliveries not actual end user sales and masks the bloated inventory profile at present, that at some point will have to be addressed.
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