Industry consultants anticipate car replacements in hurricane hit areas, notably the recovery in southeast Texas and Florida, will bolster U.S. new and sued auto sales through at least November.
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According to industry estimates, up to 500,000 cars were damaged or destroyed during hurricane Harvey, with another 200,000 cars during Irma.
However, while the post-hurricane clean up will help drive auto sales, “this will be a short lived party,” Michelle Krebs, executive analyst for online sales site Autotrader, warned.
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