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Hurricane Harvey scuppers August hopes, boosts long-term outlook

Near-term volumes take a hit but the storm could result in a sales spike further down the road as damaged vehicles will need to be replaced. By Megan Lampinen

Hurricane Harvey continues to wreak havoc across Texas while fears of its impact in Louisiana grow. The economic hit from storm damage and flooding could be huge - risk modeller Chuck Watson from Enki Research estimates it at US$42bn at the moment.

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https://www.automotiveworld.com/articles/hurricane-harvey-scuppers-august-hopes-boosts-long-term-outlook/

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