Harvey to drive vehicle sales: 500,000 may need to be replaced

Filed under: Earnings/Financials,Plants/Manufacturing,Fiat,Fisker,Ford,GM

DETROIT — Tropical Storm Harvey is likely to briefly depress already-slowing U.S. auto sales, but will eventually boost demand as damaged cars are replaced, analysts said on Tuesday. The catastrophic flooding in Houston, the fourth-largest U.S. city, could mean 2 percent fewer vehicles will be sold in August than previously expected, according to Edmunds.com. ​"In subsequent months we'll likely see a slight localized bump in sales as the recovery takes hold and people are able to buy repl

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Harvey to drive vehicle sales: 500,000 may need to be replaced originally appeared on Autoblog on Wed, 30 Aug 2017 13:05:00 EDT. Please see our terms for use of feeds.

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