US auto sales strong despite Hurricane Sandy hit
CHICAGO (AFP) - Chrysler and General Motors posted their best October numbers since the 2008 financial crisis as US auto sales extended their steady gains on Thursday despite taking a hit from Hurricane Sandy.
Total industry sales rose 6.9 per cent from October 2011 and set an adjusted annualized pace of 14.3 million units, down from 14.9 million in September, according to Autodata.
Ford estimates that the deadly storm prevented dealers across the industry from selling about 20,000 to 25,000 vehicles in the final days of the month and knocked about 300,000 units off the annualised pace.
Those sales will likely simply be postponed, not lost, and sales will climb even further as people replace vehicles damaged in the storm, Ford sales chief Ken Czubay said.