Light vehicle sales may log post-Sandy spurt
Nov 21, 2012 | 10:27 AM
| Corinna Petry
Tags
automotive sales,
General Motors,
Ford Motor,
Toyota Motor Sales,
Erich Merkle,
Jim Cain,
Jana Hartline,
Hurricane Sandy
Port of Newark
CHICAGO — U.S. light vehicle sales could actually see a small boost this month as a result of Hurricane Sandy.
Although many dealerships had to shut down for up to a week as a result of power outages, many drivers must now replace vehicles totaled by the storm, and there has been a rapid-response effort to restock dealerships that lost vehicles so that they can meet storm-prompted, as well as normal seasonal, demand.
"We lost about 800 new vehicles from our U.S. dealers," Erich Merkle, Ford Motor Co.’s chief sales analyst, told AMM. "That (figure) doesn’t include everything out there that was damaged. So many cars were taken out of commission that we expect to see some increase in showroom traffic and an uptick in new vehicle sales. That could play out over the next few months."....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute — no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Subscribe Now
Click Here
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.
Take a Free trial
Click Here