Toyota expects strong sales this month in the US as consumers have to replace the cars destroyed by Hurricane Sandy.
The company expects US sales this month to be between 14.8 million and 15.2 million new vehicles. Lentz, president and chief executive of Toyota Motor Sales, USA believes that the storm destroyed 400,000 cars and trucks, from which almost 100,000 were new vehicles. Lentz said that sales will increase this month in the US, especially in New York, as consumers have to replace the cars destroyed by Sandy.
John Mendel, executive vice president of American Honda Motor said that he believes November sales at an annualized pace will reach 15 million, compared with 13.5 million new vehicles in November 2011 and 14.3 million in September 2012.
Yesterday, November 27th, TrueCar predicted US auto sales this month will increase 13% compared with the same period last year, with a seasonally adjusted annualized rate of 15.2 million new vehicles and that Toyota sales will go up 17%. According to TrueCar Honda’s sales will be up 32%, the highest increase among major automakers, GM’s sales will increase 9%, Ford 1.5% and Chrysler 18%.