While August sales were hurt by Hurricane Harvey's devastating visit to Texas, Toyota and General Motors beat analyst estimates in September, with deliveries bumping up by 15% and 12% respectively.Replacement buying for three recent Hurricanes - Harvey, Irma and Maria - will increase vehicle demands for about 18 months, according to IHS Markit. Harvey, alone, will lead to the purchase of about 500,000 new vehicles.
Industry-wide, new car sales in the Houston area popped 109% in the three weeks following Hurricane Harvey, compared with the three weeks before the storm, according to Edmunds (via Reuters).
