Hurricane Sandy Hammers Luxury Car Brands
Hurricane Sandy ravaged much of the U.S. East coast this week, as the so-called “Frankenstorm” powered her way over the Appalachian Mountains, carrying rain and winds as far as the Midwest. Not surprisingly the automotive industry has been impacted by her rampage.
As always the auto industry was hoping for a strong finish this month but October sales could be down a tad from what the experts and OEMs had predicted.
There are more than 4,750 dealerships located in states pummeled by Hurricane Sandy. Some of those stores may have lost as many as three selling days this month due to the storm. Even in areas not devastated by flooding and gale-force winds, customers likely stayed home, something that will have an additional impact on new vehicle sales figures.
[Source: Bloomberg Businessweek]
Born and raised in metro Detroit, Craig was steeped in mechanics from childhood. He feels as much at home with a wrench or welding gun in his hand as he does behind the wheel or in front of a camera. Putting his Bachelor's Degree in Journalism to good use, he's always pumping out videos, reviews, and features for AutoGuide.com. When the workday is over, he can be found out driving his fully restored 1936 Ford V8 sedan. Craig has covered the automotive industry full time for more than 10 years and is a member of the Automotive Press Association (APA) and Midwest Automotive Media Association (MAMA).
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