It may or may not be. It's a good initial step to do it (cut inventories). I commend them for taking this early action rather than letting it drag out.
The point is inventories are building over the ideal 60-day marks. They've maybe reached a point where the market is getting saturated.
In every respect it's a good time to buy. Dealers are selling the current model year and they tend to accept less profit on a car in order to move it.
There's been no stopping trucks. We don't see any evidence that oil prices are slowing car or truck sales.
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