Houston Rebuilding Plans Buoy Carmakers After August Sales Sag
- City usually accounts for 2.3% of new U.S. demand, Cox says
- Texas truck sales seen rebounding once flood water subsides
How Hurricane Harvey Impacts U.S. Auto Sales
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Hurricane Harvey wiped out the U.S. auto market’s shot at its first month of growth this year, but rebuilding efforts across the Texas Gulf Coast are about to drive demand for pickups and new cars to replace those lost to floods.
After an initial lull period to take stock of the devastation and reopen dealerships, the boost to sales over the next several months could be significant. Harvey may have done more vehicle damage than any storm in U.S. history, destroying as many as half a million autos, according to Cox Automotive.