Zara Ahmad
GM, Ford, Toyota post sharply higher sales in September
https://www.wsj.com/articles/gm-ford-toyota-post-sharply-higher-sales-in-september-1507040490
6:08 PM
GM, Ford, Toyota post sharply higher sales in September
https://www.wsj.com/articles/gm-ford-toyota-post-sharply-higher-sales-in-september-1507040490
6:08 PM
For the past couple of months car sales have been at a decline more so family type cars than others. Since Hurricane Harvey hit in September, many show rooms have been backed up on their inventory with previous decline in sales and then during the time of a natural disaster many cars were ruined. The sales of many auto companies rose, however, near the end of September. There were many auto companies that had sales on their cars because of too much inventory and because of the effect of the hurricane.
Auto company sales were boosted because there were so many cars on sale, and many people lost their cars during the hurricane so they needed to get new ones. Many of the cars people bought were sturdy trucks or family cars which helped auto companies because they needed those cars to be sold just as much as other people needed to buy new cars. Not only were auto companies flourishing in Houston, but they were in Florida as well after the hurricane that hit there right after Harvey.
This is very interesting because I never really thought about the effect that the hurricane would have on car dealerships. The fact that they have most of their inventory sitting outside in the midst of the storm is tough. However, the respective declines and increases in their sales makes a lot of sense, especially for the kinds of cars that were being sold.
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