U.S. car and light truck sales fell 1.7% year over year in April, marking the fourth straight decline. The situation is particularly dire for manufacturers of foreign light trucks which saw an 8.0% year over year decline. There’s also the prospect of further disruptions from the extended Japanese holidays and forthcoming U.S. section 232 duties to contend with. With U.S. seaborne imports from outside North America having fallen by 1.9% year over year in March and by as much as 8.5% in April it appears manufacturers expect sales to continue to decline. Among the major automakers Toyota’s ...