Hurricane Sandy's Impact On U.S. Auto Sales

Hurricane Sandy showed its impact this Thursday, when U.S. seasonally adjusted annual rate (SAAR) of sales turned out to be a disappointing 14.2 million only, way less than September's SAAR of 14.9 million and less than the 14.8 million mark projected by different auto experts, including Edmunds. Despite the natural disaster that hit the U.S. on Monday and ruined sales of Oct. 29, 30, and 31, the results for the auto industry for this month came out strong, according to Vice Chairman of Toyota Motors (TM) Bob Carter.

The U.S. auto market is heading toward certain improvement. The truck ranges have benefited from the revival of the housing sector. October sales in no way reflect that the auto industry is weak, as the market knows that much of the damage has been caused by the natural disaster. Before forming any opinion, it will be necessary to see what stats the auto industry has to offer in November and December. Find more