Light vehicle sales may log post-Sandy spurt
Nov 21, 2012 | 10:27 AM
| Corinna Petry
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) doesnt 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."....
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