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Research Team at Nomura suggests that the US vehicle sales in October may be temporarily boosted by replacement demand following widespread damage and flooding in the wake of Hurricane Florence, similar to the effect of Hurricanes Harvey and Irma in the fall of 2017.

Key Quotes

“Some automakers reported weaker-than-usual sales activity in regions affected by Hurricane Florence in September. However, we expect any boost from replacement buying activity to be transitory as vehicle sales continue on their downward trend this year.”