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Hurricane Recovery Boosts Auto Sales

  • Reuters, Wednesday, October 4, 2017 8 AM

Automakers posted higher U.S. new vehicle sales in September as consumers in hurricane-hit parts of the country replaced flood-damaged cars. Analysts and industry consultants had predicted hurricanes Harvey and Irma would provide automakers with their first monthly gains in 2017. But others warned high inventory levels and record consumer discounts remained a concern moving forward.

 

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