US light vehicle sales up in June, but at what cost?

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June light vehicle sales delivered a month of mixed messages. Total sales were up 2.4% to slightly better than 1.51m, thanks to an extra selling day, but the seasonally adjusted annualised rate (SAAR) came in at 16.66m, 340,000 units below June 2015. As we've noted previously, year over year comparisons are going to be tough for the balance of 2016.