US auto sales have surged by 12% YoY, according to Evolution Time Critical, primarily due to the recent tropical storms, which have led to cars needing to be replaced. However, the damage caused by the storms has also hampered vehicle supply chains, which are failing to keep up. The report says that while there is a shortage of new vehicles in many areas, it does not mean that demand for used ones will remain low.
US auto sales have surged by 12% YoY, according to Evolution Time Critical, primarily due to the recent tropical storms, which have led to cars needing to be replaced. However, the damage caused by the storms has also hampered vehicle supply chains, which are failing to keep up. With excess demand cited as the current problem, it is suggested that suitable contingency plans are needed for car manufacturers to protect supply chains if other disruptions occur.