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U.S. Light-Vehicle Sales Forecast Cut for 2022; Inventory Outlook Weakens

U.S. Light-Vehicle Sales Forecast Cut for 2022; Inventory Outlook Weakens

Even if there is consumer pushback from rising prices in second-half 2022, and barring a broadbased recession – one with major cutbacks in spending accompanied by job losses – expect production to continue favoring higher-priced cars, CUVs and SUVs, as well as fullsize trucks, and for the combined mix of total inventory for those vehicles to remain above historical norms.