The auto industry sold more than 1 million vehicles in the United States in October, a 7.5 percent gain from a year earlier.
Car information site Edmunds predicts sales of more than 1 million cars and trucks for the month.
But after the March 13 deadly earthquake, Thailand’s floods had, and will have a huge impact.
Honda, the most affected automaker by the Thailand’s floods announced a decrease of 0.5 percent in October as lower sales of cars offset gains for trucks. The Japanese automaker reported it sold 98,333 vehicles in October, down from 98,811 a year earlier and 9.8 percent above September’s total. Sales of the Accord sedan rose 5.3 percent to 22,589 from 21,451 in the same month last year.
Honda is the only Japanese automaker who abandoned its full-year profit forecasts citing Thailand’s worst floods in half a century. Honda said it would not build cars on November 11 as part of the slowdown. In addition, the maker of Accord may delay its 2012 CR-V model who will debut on November 16 at the 2011 Los Angeles Auto Show.
Toyota Motor reported October sales of 134,046 units, a decrease of 4.3 percent from the same period last year.
Camry sales dropped 11.9 percent to 22,043, while sales of the Japanese automaker’s popular Prius hybrid fell 6.2 percent to 11,008.
Supply shortages after an earthquake struck Japan in March have hit Toyota’s sales – but now the automaker is facing another challenge – Thailand’s floods.
The automaker on Wednesday announced that all North American vehicle assembly plants will suspend overtime the week of November 7.
The company has said previously it would scale back production in Indonesia, the Philippines and Vietnam because of difficulties exporting some parts from Thailand.