As some U.S. automakers update markets on their August sales, higher inventories at dealerships are one reason new-car sales are expected to notch big gains year on year.
Around this time in 2022, new-car inventories were at their lowest level in years, the result of pandemic-driven supply-chain snags and heightened demand.
Several estimates peg August’s seasonally adjusted annualized rate for new-vehicle sales at around 15.3 million units, some 2 million cars more than…
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