Auto industry feels Harvey’s impact
Texas is the Second-Largest Auto Market in the U.S.
Texas is the second-largest auto market in the U.S. with 9% of the nation’s retail sales. Edmunds estimates 2 percent fewer vehicles will be sold in August due to Harvey, with declines likely continuing into early September. “Harvey is an unprecedented storm and it’s going to take time to fully comprehend exactly how much it will impact the automakers…an event of this magnitude is going to make a dent in sales.” warns Caldwell.
Texas is the top sales market for Ford, Fiat Chrysler Automobiles-owned RAM, General Motors-owned GMC and Cadillac, and Mitsubishi vehicles.
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How Can You Give Assistance?
Also mentioned in yesterday’s coverage, Devastation in Wake of Hurricane Harvey, Affects Hundreds of Dealerships and Their Staff.
For thousands of families in the Houston area, Harvey has had life-changing effects. Between flooded homes, lost wages, and property loss, it could take years to recover and financial aid is most assuredly required in some form.
You can contribute to aid agencies in the United States that include the American Red Cross, United Way of Greater Houston’s Flood Relief Fund, and through the Salvation Army. Most agencies provide tax-deductible receipts for donations.
As well, the National Automobile Dealers Association, NADA, will disperse funds through its NADA Foundation Emergency Relief Fund. Those who wish to do so can donate, while those in need of relief can apply directly through NADA.org.
Personal or corporate checks can be made payable to Emergency Relief Fund, c/o NADA Foundation, 8400 Westpark Drive, Tysons, VA 22102. For more information, call 703.821.7102. (Donations to the NADA Foundation are generally tax-deductible; contributors should consult their tax advisors for details.)
